Stellantis to Invest $13 Billion in U.S. Manufacturing, Adding 5,000 Jobs Amid Domestic Revival
- Rahaman Hadisur
- 1d
- 2 min read
Hadisur Rahman, JadeTimes Staff
H. Rahman is a Jadetimes news reporter covering the Business
Stellantis, the parent company of Chrysler, Jeep, Dodge, and Ram, announced plans to invest $13 billion in its U.S. manufacturing operations over the next four years, marking a major push to strengthen its domestic presence under newly appointed CEO Antonio Filosa.
The automaker said the investment will create more than 5,000 new jobs and boost U.S. production by 50% through 2029. The funds will support new vehicle programs in Michigan, Illinois, Indiana, and Ohio, as well as expanded research, development, and powertrain operations.
Shares of Stellantis rose more than 5% in after hours trading Tuesday, though the stock remains down 24% for the year.
The announcement aligns with President Donald Trump’s ongoing efforts to bring manufacturing jobs back to the United States through tariffs and domestic production incentives. Filosa, who took over as CEO in June, emphasized that the move is part of Stellantis’ long-term strategy to grow in its largest market.
“From day one, our goal has been to expand our footprint in the U.S.,” Filosa told CNBC. “We know what we need to do to compete and win here.”
Under the plan, Stellantis will introduce a new midsize truck at its Toledo, Ohio, plant; two new Jeep models in Belvidere, Illinois; and a next-generation Dodge Durango SUV alongside a range-extended electric SUV in Michigan. Additional funds will support the company’s Kokomo, Indiana, powertrain hub.
While some projects overlap with prior UAW agreements, Stellantis said the updated strategy reflects new leadership priorities and market shifts.
The automaker’s U.S. operations currently span 34 facilities across 14 states, employing about 48,000 workers. With this investment, Stellantis aims to reclaim market share lost in recent years and reaffirm its commitment to American manufacturing amid a highly competitive auto industry landscape.
Comments