Stellantis, the global automaker behind Chrysler, Jeep, and Ram, announced a $13 billion investment to enhance its U.S. production capabilities over the next four years, a key part of a larger revitalization strategy spearheaded by its new chief executive.
Through 2029, five new vehicles will be created and manufactured as a result of the investment in factories located in Illinois, Ohio, Michigan, and Indiana. The investment will also facilitate the production of a new four-cylinder engine and the reopening of the Belvidere Assembly Plant in Illinois, enabling the automaker to increase production of the Jeep Cherokee and Jeep Compass for the U.S. market. Overall, the initiative is expected to generate more than 5,000 jobs.
However, unlike prior pledges of multibillion-dollar investments, this one is not focused on electrification.
One of the five new vehicles will be a range-extended EV — a vehicle using a combination of a battery and a gas generator for increased range — set to be produced at the Warren Truck Assembly Plant in Michigan starting in 2028. The automaker also intends to produce a large, new SUV powered by gas at the Warren plant.
The remaining products encompass a next-generation Dodge Durango slated for production at the Detroit Assembly Complex in 2029, a new midsize truck to be assembled at its Toledo Assembly Complex in Ohio, and a brand-new four-cylinder engine known as the GMET4 EVO, which will commence production in 2026 at its Kokomo, Indiana, factory.
According to Stellantis CEO and North America COO Antonio Filosa, the investment will fuel the automaker’s expansion, fortify its manufacturing base, and “bring more American jobs to the states we call home.”
“Since my first day, accelerating growth in the U.S. has been a high priority. Success in America benefits not only Stellantis in the U.S. but strengthens us globally,” Filosa stated.
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In the past year, Stellantis has reduced its electrification ambitions for the U.S. market. In September, the automaker announced that it would no longer include an electrified Gladiator in its Jeep lineup following a reassessment of its product strategy. Earlier that month, the automaker revealed its decision to cancel plans for producing a battery-electric full-size pickup. However, Stellantis confirmed its commitment to producing an extended-range Ram 1500 REV, previously known as the Ramcharger.
