Stellantis is going big because no one wants to go home.
The automotive giant announced on Tuesday it will spend $13 billion in the next four years all in the U.S. in a bid to grow production by 50%.
The capital investment will bring five new vehicles to market, deliver updates to 19 vehicles, and is said to add more than 5,000 new jobs combined in Illinois, Ohio, Michigan, and Indiana at assembly plants.
The exact vehicles coming to market weren’t fully outlined, but certain key models were named including the mid-size Ram set to arrive in 2028, next-generation Dodge Durango set to arrive in 2029, two new Jeeps, a range-extended and gas-powered large SUV, and a new four-cylinder engine.
“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,” said Antonio Filosa, Stellantis CEO and North America COO said in a statement.
A quick breakdown of which assembly plants will be part of this capital investment and the number of jobs that will be created:
A lot of these plans will come to fruition during the next election and just as a new President takes office or after, and it’s unclear what effect the current and next administration will have on all of these plans. We know the V8 has returned to Ram, it’s about to spread into the Jeep Gladiator, and it seems real likely the Hemi will return to the Dodge Charger.
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As Director of Content and Product, Joel draws on over 15 years of newsroom experience and inability to actually stop working to help ensure The Drive shapes the future of automotive media. He’s also a World Car Award juror.