Stellantis, the parent company of Chrysler and Jeep, announced plans to invest $13 billion in its U.S. operations over the next four years, adding more than 5,000 jobs and boosting domestic production by 50%. The initiative is part of CEO Antonio Filosa’s strategy to revitalize the company’s U.S. presence.
The investments will support new vehicle production in Michigan, Illinois, Indiana, and Ohio, including a new midsize truck in Toledo and two Jeep models in Belvidere. Stellantis shares rose over 5% in after-hours trading following the news.
The company’s U.S. sales have declined 42% since 2018, but Filosa emphasized a renewed focus on growth and innovation. He also noted that while tariffs have influenced the market, the decision was based on long-term planning and stakeholder collaboration.The move aligns with President Donald Trump’s push to strengthen U.S. manufacturing through tariffs. Stellantis currently employs over 48,000 workers across 14 states.