International automaker Stellantis, which owns Chrysler, Jeep and RAM, said it will invest $13 billion to expand its US manufacturing over the next four years as part of a broader revival plan directed by its new CEO.
Five new vehicles will be developed and produced by 2029 as part of the investment in factories in Illinois, Ohio, Michigan and Indiana. The investment will also support the production of a new four-cylinder engine and reopen the Belvidere Assembly Plant in Illinois, which will allow the automaker to expand production of the Jeep Cherokee and Jeep Compass for the US market. In total, more than 5,000 jobs will be created.
However, unlike previous billion-dollar investment promises, it does not focus on electrification.
One of the five new vehicles will be a range-extended EV – a vehicle that combines a battery with a gas generator for additional range – to be produced at the Warren Truck Assembly Plant in Michigan in 2028. The automaker also plans to produce a larger, new, gas-powered SUV at the Warren plant.
The remaining products include the next-generation Dodge Durango that will be produced at its Detroit Assembly Complex in 2029, a new mid-size truck that will be assembled at its Toledo Assembly Complex in Ohio, and an all-new four-cylinder engine called the GMET4 EVO that will begin production in 2026 at its Kokomo, Indiana, factory.
Stellantis CEO and COO North America Antonio Filosa said the investment will boost the automaker’s growth, strengthen its manufacturing footprint, and “bring more American jobs to the states we call home.”
“Accelerating growth in the US has been a top priority since my first day there. Success in the US isn’t just good for Stellantis in the US – it makes us stronger everywhere else,” Filosa said in a statement.
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Stellantis has scaled back its electrification plans for the US market last year. The automaker said in September that it would no longer be involved electrified gladiator It reevaluated its product strategy in its Jeep lineup. Earlier that month, the automaker said it had canceled production plans. Battery-electric full-size pickup. However, Stellantis said it still plans to produce an extended-range RAM 1500 REV, formerly known as the RAMCharger.
