Stellantis, the worldwide automaker that owns Chrysler, Jeep, and Ram, mentioned it’s going to make investments $13 billion to beef up its U.S. manufacturing over the subsequent 4 years as a part of a broader revival plan directed by its new CEO.
5 new autos can be developed and produced via 2029 as a part of the funding into factories in Illinois, Ohio, Michigan, and Indiana. The funding may also assist the manufacturing of a brand new four-cylinder engine and reopen the Belvidere Meeting Plant in Illinois, which can enable the automaker to broaden manufacturing of the Jeep Cherokee and Jeep Compass for the U.S. market. In all, greater than 5,000 jobs can be created.
Not like earlier multibillion-dollar funding pledges, nevertheless, this one doesn’t concentrate on electrification.
One of many 5 new autos can be a range-extended EV — a car that mixes a battery with a fuel generator for extra vary — produced on the Warren Truck Meeting Plant in Michigan starting in 2028. The automaker additionally plans to provide a big, new, gas-powered SUV on the Warren plant.
The remaining merchandise embrace a next-generation Dodge Durango that can be produced on the Detroit Meeting Advanced in 2029, a brand new midsize truck that can be assembled at its Toledo Meeting Advanced in Ohio, and an all-new four-cylinder engine known as the GMET4 EVO that may go into manufacturing starting in 2026 at its Kokomo, Indiana, manufacturing unit.
Stellantis CEO and North America COO Antonio Filosa mentioned the funding will drive the automaker’s development, strengthen its manufacturing footprint, and “carry extra American jobs to the states we name residence.”
“Accelerating development within the U.S. has been a prime precedence since my first day. Success in America isn’t just good for Stellantis within the U.S. — it makes us stronger in every single place,” Filosa mentioned in an announcement.
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Stellantis has scaled again its electrification plans for the U.S. market prior to now yr. The automaker mentioned in September it could now not embrace an electrified Gladiator in its Jeep lineup because it reassessed its product technique. Earlier that month, the automaker mentioned it canceled plans to provide a battery-electric full-size pickup. Nonetheless, Stellantis mentioned it nonetheless deliberate to provide an extended-range Ram 1500 REV, previously known as the Ramcharger.
