The parent of Jeep and Chrysler will invest the money over the next four years.
Transcript:
CAROLINE WOODS: Stellantis is going all-in on a U.S. comeback.
The parent company of Jeep, Dodge, and Chrysler plans to spend $13 billion over the next four years to boost American production and add more than five-thousand jobs – the biggest U.S. investment in its 100-year history.
The automaker says it’ll increase domestic output by 50 percent, rolling out five new vehicles and 19 product updates across plants in Illinois, Ohio, Michigan, and Indiana through 2029.
The plan includes reopening the Illinois plant for new Jeep models, adding a midsize truck in Ohio, SUVs in Michigan, and a new engine in Indiana by 2026.
CEO Antonio Filosa calls it a “once-in-a-century investment” – meant to keep Stellantis competitive and give U.S. consumers more choice between gas, hybrid, and electric power.
And it’s coming at a critical time – Stellantis has faced years of US market share losses.
The rollout begins next year, pending final state approvals.
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