Jeep parent Stellantis announces $13 billion U.S. investment plan

DETROIT — Stellantis, the parent company of Chrysler, Jeep and other auto brands, plans to invest $13 billion in U.S. manufacturing operations over the next four years, as the company executes a domestic turnaround plan under CEO Antonio Filosa.

The trans-Atlantic automaker on Tuesday said the investments will add more than 5,000 jobs to its domestic workforce and involve new products at plants in Michigan, Illinois, Indiana and Ohio through 2029.

Stellantis stock rose more than 5% in after-hours trading Tuesday.

The announcement comes amid President Donald Trump’s efforts to create more manufacturing jobs in the U.S. through the use of aggressive tariffs, especially for the automotive industry.

Stellantis’ five new products include rolling out a midsize truck for a plant in Toledo, Ohio; two new Jeep vehicles for a shuttered facility in Belvidere, Illinois; and a next-generation version of the Dodge Durango SUV and “an all-new range-extended EV and internal combustion engine large SUV” at plants in Michigan.

“Accelerating growth in the U.S. has been a top priority since my first day. Success in America is not just good for Stellantis in the U.S. — it makes us stronger everywhere,” Filosa said in a statement.

It’s not immediately clear how many of the investments and jobs are new or how many have been previously announced as part of the company’s 2023 contract with the United Auto Workers union that included $18.9 billion in new investments by April 2028.

But there are some differences. For example, a midsize truck was previously planned for Stellantis’ Belvidere Assembly plant in Illinois through a $1.5 billion investment. That vehicle, or a different midsize truck, is now expected to be added to the company’s plant in Toledo through a $400 million investment.

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