The
world’s fourth-largest carmaker said Tuesday the investment will
support the introduction of five new vehicles, including a Dodge
Durango to be built in Detroit and a midsize truck to be
assembled in Toledo, Ohio. The new jobs will be spread across
plants in Illinois, Ohio, Michigan and Indiana.
Stellantis, which was created 4˝ years ago from the merger of
Fiat Chrysler and PSA Peugeot, is hoping to counteract some of
the expected 1.5 billion-euro ($1.7 billion) cost of tariffs
this year on cars produced in Canada and Mexico by boosting
North American profitability with new model launches like the
discontinued Jeep Cherokee.
The new product launches will be in addition to 19 “refreshed”
products across all U.S. assembly plants and updated powertrains
planned through 2029, the company said.
“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,” CEO Antonio Filosa said in a statement.
Stellantis' operations in the U.S. include 34 manufacturing
plants, parts distribution centers and research and development
sites across 14 states.
Of the 16 million cars Stellantis produces for sale in the U.S.
market, 8 million are made in domestic plants, and another 4
million in Canada and Mexico — all with a large number of U.S.
components. Another 4 million are imported from Europe and Asia,
with virtually no U.S. components.
In pursuit of a U.S. turnaround, Filosa is also relaunching in
the second half of 2025 models that previous management nixed
two years ago: a new Jeep Cherokee, which will be produced in
Mexico and the popular ICE Dodge Charger.
Earlier this year, Stellantis also relaunched the Ram Hemi V8
because of dealer and customer demand.
In July, the Netherlands-based automaker reported half-year
results that included losses of 2.3 billion euros (nearly $2.7
billion). During the period, U.S. shipments were down by nearly
a quarter as the carmaker reduced the importation vehicles
produced abroad.
Shares in Stellantis fell sharply in after-hours trading after
closing 4.8% lower during regular trading Tuesday.
All contents © copyright 2025 Associated Press. All rights reserved

|
|