Turin, 14 October (LaPresse) – Stellantis announced today its intention to invest $13 billion over the next four years to grow its operations in the key US market and increase domestic production facilities. The investment is the most significant in the company's 100-year history in the United States and will support the introduction of five new vehicles across the product range in key segments. It will also support the production of the new four-cylinder engine and the creation of more than 5,000 jobs at plants in Illinois, Ohio, Michigan and Indiana. The new investment will further expand Stellantis' already significant presence in the United States, increasing annual finished vehicle production by 50% from current levels. The new product launches will be in addition to a regular and already planned schedule through 2029 of 19 updated models across all US plants and renewed powertrains. ‘This investment in the United States – the largest single investment in the history of Stellantis – will fuel our growth, strengthen our manufacturing footprint and bring more American jobs to the states we call home,’ said Antonio Filosa, CEO of Stellantis and COO for North America. As we prepare for the next 100 years, we are putting the customer at the centre of our strategy, expanding our range and offering them the freedom to choose the products they want and love.‘ ’Accelerating growth in the United States has been a top priority since my first day. Success in America is not only good for Stellantis in the United States, but it makes us stronger everywhere," said Filosa. The £13 billion investment plan includes research, development and supplier costs for the implementation of the Company's entire product strategy for the next four years, as well as investments in Stellantis' manufacturing operations.
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