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 plans involve launching five new vehicles in key segments, including production of a new 4-cylinder engine. The automaker’s manufacturing investments will add over 5,000 new jobs across four of its factories in Illinois, Ohio, Michigan and Indiana.
- “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 launch 19 refreshed products across all of its U.S. manufacturing facilities through 2029, including models with updated powertrains.
“As we begin our next 100 years, we are putting the customer at the center of our strategy, expanding our vehicle offerings 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 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.
The automaker unveiled the redesigned 2026 Grand Wagoneer this week, which is being offered with two powertrain options, a range-extended version and a model equipped with the automaker’s 3.0-liter Hurricane twin-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 over $100 million in the factory to produce the engine, which is expected to add over 100 jobs.
The $13 billion investment 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% compared to the same period last year, resulting in an operating loss of 2.3 billion euros. The company’s net revenue for the first six months of 2025 also fell to 74.3 billion euros, which it largely blamed on sales declines and loss of market share in North America and Europe.
But the company has been working 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 sales and profits. Filosa announced a new leadership team on the same day, made up of executives who he said “bring an entrepreneurial spirit and profound understanding of the company’s brands.”
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.
