Stellantis Shifting Gears With $13B U.S. Investment

Stellantis, the parent of Chrysler and Jeep, will invest $13 billion in U.S. manufacturing over the next four years.

Transcript

00:00Stellantis, the parent of Chrysler and Jeep, is set to invest $13 billion into U.S. manufacturing

00:07over the next four years as part of a significant comeback effort led by company's new CEO,

00:12Antonio Filosa.

00:14The plan will add over 5,000 jobs and boost U.S. production by 50 percent, with new vehicles

00:19coming to plants in Michigan, Illinois, Indiana, and Ohio through 2029.

00:25Stellantis is noting that long-term strategy is driving the move and not tariffs, as some

00:30may think.

00:30The auto giant is hoping to reignite U.S. sales after a 42 percent drop since 2018, with new

00:37trucks, SUVs, and EVs hitting the road soon.