Stellantis, the global automaker behind brands like Chrysler, Jeep, and Ram, announced a $13 billion investment to strengthen its U.S. manufacturing over the next four years under the direction of its new CEO.
The plan includes developing and producing five new vehicles through 2029, with major investments going into factories across Illinois, Ohio, Michigan, and Indiana. The company also plans to reopen the Belvidere Assembly Plant in Illinois, expanding production of the Jeep Cherokee and Compass and creating over 5,000 new jobs.
Interestingly, Stellantis’ massive investment isn’t centered on full electrification. Only one of the upcoming vehicles, a range-extended EV, will combine battery power with a gas generator, set to begin production in 2028 at the Warren Truck Assembly Plant in Michigan. The rest of the lineup includes a new gas-powered SUV, a next-generation Dodge Durango, and a new midsize truck.
The automaker will also begin producing a new four-cylinder engine, the GMET4 EVO, in 2026 at its Kokomo, Indiana, facility.
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Stellantis CEO Antonio Filosa said the investment marks a renewed commitment to U.S. growth and job creation.
“Accelerating growth in the U.S. has been a top priority since my first day. Success in America is not just good for Stellantis in the U.S., it makes us stronger everywhere,” he said.
While Stellantis has scaled back some of its EV plans, including canceling a battery-electric pickup and dropping an electrified Gladiator, the company still plans to move forward with its extended-range Ram 1500 REV, previously known as the Ramcharger.
