Stellantis says it will invest $13 billion to expand its US operations, adding more than 5,000 jobs
Stellantis says it will invest US$13 billion over the next four years to expand its manufacturing capacity in the United States, a move the automaker says will increase its US vehicle production by 50 percent and add more than 5,000 jobs.
The world’s fourth-largest carmaker said Tuesday the investment will support the introduction of five new vehicles, including the Dodge Durango to be built in Detroit and a midsize truck to be assembled in Toledo, Ohio. The new jobs will be spread across plants in Illinois, Ohio, Michigan and Indiana.
Stellantis, which was created half past four The deal is expected to offset some of the expected 1.5 billion euro cost of tariffs on cars produced in Canada and Mexico this year by boosting North American profitability with new model launches, such as the discontinued Jeep Cherokee, which merged with Fiat Chrysler and PSA Peugeot years ago.
The company said the new product launches will be in addition to 19 “refreshed” products at all U.S. assembly plants and updated powertrains planned through 2029.
“This investment in the US – the largest in company history – will fuel our growth, strengthen our manufacturing footprint and bring more American jobs to the states we call home,” CEO Antonio Filosa said in a statement.
The announcement comes amid major headwinds for the Canadian auto industry, which is battling tariffs imposed by U.S. President Donald Trump, who wants to see more domestic vehicle production.
Stellantis’ operations in the US include 34 manufacturing plants, parts distribution centers and research and development sites in 14 states.
In Canada, the company has plants in Windsor and Brampton, Ontario, and a casting facility in Toronto. this is brampton The plant is closed from early 2024,
Of the 16 million cars produced by Stellantis for sale in the US market, 8 million are made in domestic plants, and another four million are made in Canada and Mexico – all with large numbers of American components. The other four million are imported from Europe and Asia, with virtually no American components.
In pursuit of a U.S. makeover, Stellantis is also relaunching in the second half of 2025 models that previous management eliminated two years ago: a new Jeep Cherokee, which will be produced in Mexico, and the popular gas-powered Dodge Charger, which is built in Windsor, Ontario.
Earlier this year, Stellantis also relaunched the Ram Hemi V8 due to dealer and customer demand.
In July, the Netherlands-based automaker reported half-year results including a loss of 2.3 billion euros. During the period, U.S. shipments declined by nearly a quarter as carmakers reduced imported vehicles produced overseas.
Stellantis shares fell sharply in after-hours trading after closing 4.8 percent lower during regular trading on Tuesday.
