Stellantis Commits $13 Billion to Boost U.S. Manufacturing, Add 5,000 Jobs

DETROIT — Global automaker Stellantis, parent of Jeep, Chrysler, Dodge, and Ram, has unveiled plans to invest $13 billion in its U.S. operations over the next four years, aiming to revitalize its domestic manufacturing base and spark a major comeback in the American market.

The investment, announced Tuesday, will inject capital into plants across Michigan, Illinois, Indiana, and Ohio through 2029. It is expected to add over 5,000 new jobs and boost the company’s domestic vehicle production by 50%, according to CEO Antonio Filosa.

“Since day one, we set out a clear priority — to grow in the largest market we operate in, which is the U.S.,” Filosa said during an interview with CNBC. “We know what we need to do to grow this market.”

Stellantis’ U.S.-listed shares jumped more than 5% in after-hours trading following the announcement. The stock, however, remains down approximately 24% year-to-date.

New Products, New Plants

The sweeping investment plan includes development and production of several new vehicle lines, including:

• A midsize truck at the company’s Toledo, Ohio plant — a shift from earlier plans to build it in Illinois.
• Two new Jeep models at the Belvidere, Illinois facility, which had previously been shuttered.
• A next-generation Dodge Durango SUV and a new range-extended EV and combustion-engine SUV at Stellantis’ Michigan facilities.

Additionally, the company will invest in R&D, supplier networks, and enhancements at its Kokomo, Indiana powertrain hub.

While some of the investments overlap with previously announced initiatives under the company’s 2023 contract with the United Auto Workers union — which pledged $18.9 billion by 2028 — Stellantis clarified that this new plan reflects updated production strategies and reallocated resources.

A Shift from Profit Focus to Production Growth

The announcement marks a major shift in strategy following years of declining sales and a corporate emphasis on profit margins over market volume. Stellantis’ U.S. vehicle sales have fallen 42% since peaking at 2.2 million units in 2018, back when it operated under the Fiat Chrysler banner.

Former CEO Carlos Tavares, who was ousted in late 2024, had championed lean operations and global electrification. His successor, Filosa, appears focused on restoring Stellantis’ strength in the domestic market.

“We’re not just building cars — we’re rebuilding our presence,” Filosa said. “This isn’t about tariffs or political pressures. It’s about long-term planning and realignment with our U.S. dealers and customers.”

Tariffs and Politics: A Subtext to the Announcement

Although the company downplayed political motives, the timing coincides with President Donald Trump’s renewed push for manufacturing jobs and tariff-driven economic policies, particularly in the automotive sector.

Stellantis Chairman John Elkann reportedly outlined parts of this plan during a January 2025 meeting with Trump, suggesting political alignment may have played a role in accelerating the investment.

Nationwide Footprint

Stellantis currently operates 34 facilities in the United States, including manufacturing plants, research centers, and parts distribution hubs across 14 states. The company employs more than 48,000 U.S. workers.

This new investment will touch nearly all of its major American manufacturing locations, reinforcing Stellantis’ long-term commitment to the U.S. market.