Stellantis, the international automaker that owns Chrysler, Jeep and Ram, announced it will invest $13 billion over the next four years to ramp up manufacturing in the United States as part of a broader turnaround plan spearheaded by a new CEO.
Five new vehicles will be developed and produced by 2029 as part of investments in plants in Illinois, Ohio, Michigan and Indiana. The investment will support production of a new four-cylinder engine and will restart the Belvidere Assembly Plant in Illinois, allowing the company to expand production of the Jeep Cherokee and Jeep Compass for the U.S. market. In total, more than 5,000 jobs will be created.
But unlike previous multibillion-dollar investment pledges, this one does not focus on electrification.
One of the five new vehicles will be an extended-range EV (a vehicle that combines a battery with a gas generator to extend range) and will be produced at the Warren Truck Assembly Plant in Michigan starting in 2028. The automaker also plans to produce a large new gasoline-powered SUV at the Warren plant.
Remaining products include the next-generation Dodge Durango, which will be built at the Detroit assembly complex in 2029, a new medium-duty truck that will be assembled at the Toledo assembly complex in Ohio, and the all-new GMET4 EVO four-cylinder engine, which will begin production at the Kokomo, Indiana, plant in 2026.
Stellantis CEO and North America COO Antonio Filosa said the investment will accelerate the automaker’s growth, strengthen its manufacturing footprint and “bring more American jobs to the state we call home.”
“Accelerating growth in the U.S. has been a top priority from my first day in office. Success in the U.S. is not only good for Stellantis in the U.S., it makes us stronger everywhere,” Filosa said in a statement.
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Stellantis scaled back its electrification plans in the U.S. market last year. In September, the company announced that it would no longer include the electric Gladiator in its Jeep lineup due to a review of its product strategy. Earlier in the month, the company announced that it had canceled production plans for its battery-electric full-size pickup truck. But Stellantis said it plans to produce the longer-range Ram 1500 REV, formerly known as the Ramcharger.
