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Stellantis to invest $13 billion in the United States
Stellantis plans to add over 5,000 jobs and increase U.S. vehicle production by 50% with five new models and 19 refreshed products through 2029.
- Stellantis announced a historic investment of $13 billion in the U.S. market, intending to create 5,000 new jobs and introduce five new vehicles by 2029.
- The investment will be distributed among five plants in Michigan, Ohio, Illinois, and Indiana, with significant sums exceeding $100 million allocated to each manufacturing facility.
- CEO Antonio Filosa expressed optimism about the future of the U.S. automotive market, expecting a revitalization of Stellantis' position in the industry.
- The company anticipates that this investment will also lead to an additional 20,000 jobs at supplier companies they work with.
38 Articles
38 Articles
Stellantis backtracks on plans to build Jeep model in Ontario, shifts to U.S.
Stellantis announced Tuesday it will invest $13 billion US over the next four years to expand its manufacturing capacity in the U.S. — a move that will take production of one model out of Ontario, raising concern about Canadian jobs.
The Opel parent company Stellantis has announced an investment of 13 billion dollars in the USA.
The car manufacturer Stellantis (Jeep, Chrysler, Citroën, Alfa Romeo, Peugeot, etc.) announced on Tuesday that it intends to invest US$13 billion over the next four years in the United States, which should allow it to increase its production by 50% compared to the current level.
Jeep, Peugeot and Fiat's parent company plans to launch five new vehicles and create more than 5000 jobs in factories in Illinois, Ohio, Michigan and Indiana.
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