Stellantis says it will invest $13B to expand its US operations, adding more than 5,000 jobs [View all]
Source: Yahoo
ALEX VEIGA
Tue, October 14, 2025 at 5:37 PM CDT
Stellantis says it will invest $13 billion over the next four years to expand its manufacturing capacity in the United States, a move that the automaker says will increase its domestic vehicle production by 50% 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 a 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 4½ years ago from the merger of Fiat Chrysler and PSA Peugeot, is hoping to counteract some of the expected 1.5 billion-euro ($1.7 billion) cost of tariffs this year on cars produced in Canada and Mexico by boosting North American profitability with new model launches like the discontinued Jeep Cherokee.
The new product launches will be in addition to 19 “refreshed” products across all U.S. assembly plants and updated powertrains planned through 2029, the company said.
Read more: https://finance.yahoo.com/news/stellantis-says-invest-13b-expand-223707344.html
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