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Stellantis Pledges $13 Billion U.S. Reboot by 2029 to Lift Output 50%

Under new CEO Antonio Filosa, the push targets a long-neglected U.S. footprint to lift output, restoring competitiveness.

Overview

  • The program includes launching five new vehicles and executing nineteen product actions through 2029.
  • More than 5,000 jobs are planned across plants in Illinois, Ohio, Michigan and Indiana.
  • The company plans to restart the Belvidere, Illinois plant, a prior flashpoint in 2023 labor talks.
  • The $13 billion envelope spans production tooling, research and development, procurement and logistics.
  • Stellantis described this as its largest single investment in a century, and its shares rose about 5.5% in after-hours trading.