Dive Brief:
- stellar plans to invest $13 billion in the US over the next four years to increase domestic production of finished vehicles by 50% over current levels and increase its market share, according to an Oct. 14 press release.
- Plans include the launch of five new vehicles in key segments, including the production of a new 4-cylinder engine. The automaker’s manufacturing investments will add more than 5,000 new jobs at four of its factories in Illinois, Ohio, Michigan and Indiana.
- “This investment in the US — the largest in the history of the company — it 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.
Diving knowledge:
As part of the $13 billion investment, Stellantis plans to roll out 19 updated products at all of its U.S. manufacturing facilities through 2029, including models with updated powertrains.
“As we begin the next 100 years, we are putting the customer at the center of our strategy, expanding our vehicle offering and giving them the freedom to choose the products they want and love,” Filosa said in a statement.
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 approximately 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 measure, but told WardsAuto in September that it planned to reopen the plant.
In Ohio, the automaker plans to invest $400 million at its Toledo assembly complex to build an all-new midsize pickup truck. Production is scheduled to begin in 2028 and is 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 remodel 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 begin in 2028. The plant currently produces the Jeep Wagoneer and Grand Wagoneer.
The automaker unveiled the redesigned 2026 Grand Wagoneer this week, which is offered with two powertrain options, a range-extended version and a model equipped with the automaker’s 3.0-liter Hurricane bi-turbo engine.
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 more than $100 million in the factory to produce the engine, which is expected to add more than 100 jobs.
The $13 billion investment announcement comes as Stellantis works to regain its position in 2025 after significant revenue declines in 2024.
In July, the carmaker reported that its first-half revenue fell 13% compared to the same period last year, resulting in an operating loss of 2.3 billion euros. The company’s net income for the first six months of 2025 also fell to €74.3 billion, which it largely attributed to falling sales and loss of market share in North America and Europe.
But the company has been working on its turnaround plans since the appointment Antonio Filosa as new CEO on June 23. He succeeded Carlos Tavares, who resigned in December 2024 amid falling sales and profits. Filosa announced the same day a new management team, made up of managers who, he said, “bring an entrepreneurial spirit and deep knowledge of the company’s brands.”
Stellantis currently operates 34 manufacturing facilities, distribution centers and research and development sites in the US, which together support more than 48,000 employees, according to the statement.
