Stellantis to increase U.S. production by 50%
Summary
Stellantis, the company that used to be called Fiat Chrysler, plans to invest $13 billion over four years in the U.S. This investment will increase its U.S. car production by 50% and create over 5,000 jobs.Key Facts
- Stellantis is investing $13 billion in the U.S. over four years.
- The plan will raise U.S. vehicle production by 50%.
- Over 5,000 new jobs will be created in the U.S.
- A new SUV and engine version will be made at a plant in Warren, Michigan, starting in 2028.
- The Detroit factory will start making the new Dodge Durango in 2029.
- The Belvidere, Illinois plant will reopen to make Jeep Cherokee and Jeep Compass vehicles.
- Production of a new midsize truck will be in Toledo, Ohio, set to arrive in 2028.
- Some of the investments mentioned were already planned, like those at Belvidere.
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