Stellantis bets big on America with $13 billion factory expansion and new Dodge and Jeep models | Fortune
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Stellantis bets big on America with $13 billion factory expansion and new Dodge and Jeep models | Fortune
"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."
"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:"
Stellantis will invest $13 billion over the next four years to expand U.S. manufacturing capacity, increase domestic vehicle production by 50%, and add more than 5,000 jobs. The investment will support five new vehicles, including a Dodge Durango built in Detroit and a midsize truck assembled in Toledo, Ohio, with new jobs across plants in Illinois, Ohio, Michigan and Indiana. The plan includes 19 refreshed products and updated powertrains through 2029 and relaunches of the Jeep Cherokee and the ICE Dodge Charger in the second half of 2025. Stellantis operates 34 U.S. manufacturing, distribution and R&D sites.
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