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5h ago

Stellantis Commits $13 Billion to U.S. Production, Reopens Belvidere and Adds 5,000 Jobs

The package reflects a push to blunt U.S. auto tariffs that Stellantis says will cost about €1.7 billion this year.

Image
Production operators at the Toledo Assembly Complex secure the windshield of the 2024 Jeep Gladiator into position.
The Belvidere, Illinois, assembly plant run by the automaker then known as Fiat Chrysler in May 2019. Photo: Brian Cassella/Chicago Tribune/Tribune News Service via Getty Images
Cars pass along the assembly line at the Stellantis plant in Brampton, Ont., on July 21, 2023.

Overview

  • Stellantis says the four-year plan will lift U.S. output by 50% and create more than 5,000 jobs across Illinois, Michigan, Ohio and Indiana.
  • Belvidere, Illinois, will reopen with more than $600 million invested to build the Jeep Cherokee and Jeep Compass starting in 2027, adding about 3,300 jobs and shifting Compass production from Brampton, Ontario.
  • Toledo, Ohio, will get a $400 million allocation to assemble a new midsize truck in 2028, bringing roughly 900 jobs, while Kokomo, Indiana, will produce the new GMET4 EVO engine beginning in 2026 with over $100 million invested and about 100 jobs.
  • Warren Truck in Michigan is slated to build a large SUV in both range‑extended EV and gasoline versions starting in 2028, and Detroit will produce the next‑generation Dodge Durango in 2029.
  • The announcement deemphasizes full battery EVs, drew praise from the UAW and U.S. officials, prompted criticism from Canadian unions and leaders over the Brampton shift, and lifted U.S.-listed shares about 6–7% after hours.