Dive Brief:
- Stellantis plans to invest $13 billion in the U.S. over the next four years to increase domestic finished vehicle production by 50% over current levels and boost its market share, per an Oct. 14 press release.
- The company will allocate some of the funds for upgrades across five facilities in Illinois, Ohio, Michigan and Indiana, creating 5,000 new jobs.
- “This investment in the U.S. — the single largest in the Company’s history — will drive our growth, strengthen our manufacturing footprint and bring more American jobs to the states we call home,” Stellantis CEO Antonio Filosa said in a statement.
Dive Insight:
As part of the $13 billion investment, Stellantis plans to invest more than $600 million to reopen its shuttered Belvidere Assembly Plant in Illinois to expand production of the Jeep Cherokee and Jeep Compass SUVs for the U.S. market. The Belvidere facility is expected to add roughly 3,300 jobs and begin producing the first vehicles in 2027. Stellantis closed the Illinois factory in February 2023 as part of a cost-cutting move, but in September told WardsAuto that it had plans to reopen the plant.
In Ohio, the automaker plans to invest $400 million in its Toledo Assembly Complex to build an all-new mid-size pickup. Production is scheduled to start in 2028 and expected to create around 900 jobs. The Ohio factory will also produce the Jeep Wrangler and Gladiator.
In Michigan, Stellantis is investing $100 million to retool its Warren Truck Assembly Plant to produce an all-new range-extended EV and a new full-size SUV with an internal combustion engine. Production is expected to start in 2028. The plant currently produces the Jeep Wagoneer and Grand Wagoneer.
Stellantis also plans to invest $130 million to prepare its Detroit Assembly Complex to build the next-generation Dodge Durango SUV. Production is expected to begin in 2029.
Meanwhile, in Indiana, Stellantis will begin producing a new 4-cylinder engine at its Kokomo plant beginning in 2026. The automaker is investing over $100 million in the factory to produce the engine, which is expected to add over 100 jobs.
Stellantis currently operates 34 manufacturing facilities, distribution centers, and research and development sites in the U.S., which together support over 48,000 employees, according to the release.
