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Stellantis, the parent company of Chrysler, Jeep and Ram, unveiled plans Tuesday to invest $13 billion to expand the U.S. domestic manufacturing footprint over the next four years.
This marks the largest single investment in the automaker’s history and will support the introduction of five new vehicles to the brand portfolio in key segments, production of the all-new four-cylinder engine, and fund more than 5,000 additional jobs at plants in Illinois, Ohio, Michigan and Indiana.
“Accelerating growth in the US has been a top priority since my first day. Success in America isn’t just good for Stellantis in the US – it makes us stronger everywhere,” said Antonio Filosa, CEO of Stellantis.
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Stellantis said the latest investment adds to its “already significant U.S. footprint” and will increase annual production of finished vehicles by 50% from current levels. The new product launches complement the company’s current schedule to update 19 current models and improve their engines across all its U.S. factories through 2029.
A new Jeep Wrangler 4-door Sahara 4×4 vehicle at a Stellantis NV dealership in Miami, Florida, on April 5, 2025. (Eva Marie Uzcategui/Bloomberg via / Getty Images)
The investment comes amid President Donald Trump’s use of tariffs to regain American jobs, including in the auto and manufacturing industries. Stellantis estimates the tariffs could take a $1.7 billion toll on its business this year. Last year, more than 40% of the 1.2 million vehicles Stellantis sold in the U.S. were imported primarily from Mexico and Canada, which are subject to 25% tariffs.
More than $600 million of the money will be used to reopen the Belvidere Assembly Plant to expand production of the Jeep Cherokee and Jeep Compass for the U.S. market. The first production launch is expected in 2027. This move alone is expected to create approximately 3,300 new jobs.
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Nearly $400 million will be used to assemble an all-new midsize truck, which will be moved from the Belvidere plant to the Toledo Assembly Complex, where it will join the Jeep Wrangler and Jeep Gladiator. The production shift could create more than 900 jobs. The timing of the launch is expected in 2028.
Jeep Gladiator Rubicon seen at the New York International Auto Show at the Jacob K. Javits Convention Center in New York. (Michael Brochstein/SOPA Images/LightRocket via)
In Michigan, the company will also develop an all-new electric vehicle and a large SUV with a combustion engine, which will be produced at the Warren Truck Assembly Plant starting in 2028. Nearly $100 million will be used to retool the plant. This is expected to create more than 900 jobs at the plant, which currently assembles Jeep’s Wagoneer and Grand Wagoneer.
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Signage outside the Stellantis Mack Assembly Plant in Detroit, Michigan. (Matthew Hatcher/Bloomberg via Getty Images)
In Indiana, the company will invest in several of its Kokomo facilities to produce the all-new four-cylinder engine – the GMET4 EVO – starting in 2026. The company plans to invest more than $100 million in the area and create more than 100 jobs to ensure the US becomes the production location for this strategic powertrain.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| STLA | STELLANTIS NV | 10.13 | +0.21 |
+2.17% |
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To date, Stellantis’ U.S. footprint includes 34 manufacturing facilities, parts distribution centers and research and development sites in 14 states. The company has more than 48,000 employees, 2,600 dealers and nearly 2,300 suppliers in thousands of communities across the country.
