Stellantis plans $13B investment to expand US manufacturing

Dive Transient:

• Stellantis plans to speculate $13 billion within the U.S. over the following 4 years to extend home completed car manufacturing by 50% over present ranges and increase its market share, per an Oct. 14 press release.
• The plans contain launching 5 new autos in key segments, together with manufacturing of a brand new 4-cylinder engine. The automaker’s manufacturing investments will add over 5,000 new jobs throughout 4 of its factories in Illinois, Ohio, Michigan and Indiana.
• “This funding within the U.S. — the one largest within the Firm’s historical past — will drive our development, strengthen our manufacturing footprint and convey extra American jobs to the states we name residence,” Stellantis CEO Antonio Filosa mentioned in an announcement.

Dive Perception:

As a part of the $13 billion funding, Stellantis plans to launch 19 refreshed merchandise throughout all of its U.S. manufacturing services by way of 2029, together with fashions with up to date powertrains. 

“As we start our subsequent 100 years, we’re placing the client on the middle of our technique, increasing our car choices and giving them the liberty to decide on the merchandise they need and love,” Filosa mentioned in an announcement.

Stellantis plans to speculate greater than $600 million to reopen its shuttered Belvidere Meeting Plant in Illinois to develop manufacturing of the Jeep Cherokee and Jeep Compass SUVs for the U.S. market. The Belvidere facility is anticipated so as to add roughly 3,300 jobs and start producing the primary autos in 2027. Stellantis closed the Illinois manufacturing facility in February 2023 as a part of a cost-cutting transfer, however in September instructed WardsAuto that it had plans to reopen the plant.

In Ohio, the automaker plans to speculate $400 million in its Toledo Meeting Complicated to construct an all-new mid-size pickup. Manufacturing is scheduled to start out in 2028 and anticipated to create round 900 jobs. The Ohio manufacturing facility can even produce the Jeep Wrangler and Gladiator.

In Michigan, Stellantis is investing $100 million to retool its Warren Truck Meeting Plant to supply an all-new range-extended EV and a brand new full-size SUV with an inside combustion engine. Manufacturing is anticipated to start out in 2028. The plant presently produces the Jeep Wagoneer and Grand Wagoneer.

The automaker unveiled the redesigned 2026 Grand Wagoneer this week, which is being supplied with two powertrain choices, a range-extended model and a mannequin outfitted with the automaker’s 3.0-liter Hurricane twin-turbo engine. 

Stellantis additionally plans to speculate $130 million to arrange its Detroit Meeting Complicated to construct the next-generation Dodge Durango SUV. Manufacturing is anticipated to start in 2029.

In the meantime, in Indiana, Stellantis will start producing a brand new 4-cylinder engine at its Kokomo plant starting in 2026. The automaker is investing over $100 million within the manufacturing facility to supply the engine, which is anticipated so as to add over 100 jobs. 

The $13 billion funding announcement comes as Stellantis works to regain its footing in 2025 following significant revenue declines in 2024. 

In July, the automaker reported that its first half revenues fell 13% in comparison with the identical interval final yr, leading to an working lack of 2.3 billion euros. The corporate’s internet income for the primary six months of 2025 additionally fell to 74.3 billion euros, which it largely blamed on gross sales declines and lack of market share in North America and Europe.

However the firm has been engaged on its turnaround plans since appointing Antonio Filosa as its new CEO on June 23. He succeeded Carlos Tavares, who resigned in December 2024 amid declining gross sales and income. Filosa announced a new leadership team on the same day, made up of executives who he mentioned “carry an entrepreneurial spirit and profound understanding of the corporate’s manufacturers.”  

Stellantis presently operates 34 manufacturing services, distribution facilities, and analysis and growth websites within the U.S., which collectively assist over 48,000 staff, in accordance with the discharge.