Today, auto giant Stellantis revealed its plan to increase U.S. production by 50%, including five new vehicle launches and 19 product initiatives over the next four years, creating more than 5,000 new jobs at plants in Illinois, Ohio, Michigan, and Indiana.
The $13 billion investment plan covers research, development, and supplier costs to implement the Company’s complete product strategy over the next four years, along with investments in its manufacturing operations.
Antonio Filosa, Stellantis CEO and North America COO told investors, “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. 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.”
“Accelerating growth in the U.S. has been a top priority since my first day. Success in America is not just good for Stellantis in the U.S. — it makes us stronger everywhere,” Filosa said.
The new investment will further grow Stellantis’ substantial U.S. presence, boosting annual finished vehicle output by 50%. This will complement the ongoing launch of 19 refreshed models across all U.S. assembly plants and the introduction of updated powertrains through 2029.
Stellantis stock jumped over 5% following the announcement.
By CEO NA Editorial Staff
