Stellantis, owner of Chrysler, Jeep and Ram, said it will invest USD 13 billion over the next four years to grow its U.S. automotive manufacturing footprint. This marks the largest single investment in the history of automakers and will support the launch of five new vehicle models across its portfolio. It also funds production of a new four-cylinder engine and the creation of more than 5,000 additional jobs at plants in Illinois, Ohio, Michigan, and Indiana.
Stellantis said this new investment builds on its already strong U.S. presence. It aims to raise its annual vehicle output by 50% above current levels. The new launches will come in addition to updating 19 existing models and improving engines at all its U.S. plants through 2029.
Stellantis said the investment comes during a time when President Trump is using tariffs to bring jobs back to the U.S., especially in manufacturing and the auto sector. The company estimates those tariffs could cost it about USD 1.7 billion this year. Last year, more than 40% of the 1.2 million vehicles Stellantis sold in the U.S. were imported (mainly from Mexico and Canada), which would face 25% tariffs.
More than USD 600 million will be used to reopen the Belvidere Assembly Plant and boost production of the Jeep Cherokee and Compass for the U.S. market. Production is expected to start in 2027. This move alone is likely to create about 3,300 new jobs.
Executive Statement
According to Stellantis CEO Antonio Filosa, accelerating growth in the U.S. has been a top priority since his first day. Success in America is not just good for Stellantis in the U.S. – it makes them stronger everywhere.