Stellantis to Invest $13 Billion in US

Jeep-maker Stellantis announced Tuesday plans to invest $13 billion in U.S. plants over the next four years, adding more than 5,000 jobs in Michigan and other midwestern states.

The plans, which the company said represent its largest U.S. investment push in its 100-year history, include the reopening of a factory in Belvidere, Illinois, whose fate has been a source of tension between the company and the United Auto Workers since the plant closed in 2023.

Stellantis will invest $600 million to reopen Belvidere to expand production of the Jeep Cherokee and Jeep Compass, with initial production expected to launch in 2027.

Read the article.

Item added to cart.
0 items - $0.00