Stellantis has recently revealed a significant $13 billion investment — the biggest single financial commitment in the company's history. This funding will support the development of five new vehicles, a new engine, and over 5,000 new manufacturing positions across the Midwest within the next ten years.
Key Points
- The car manufacturer plans to spend $13 billion during the next four years—its biggest investment in the U.S. to date—to develop five new models and generate over 5,000 jobs in Illinois, Michigan, Indiana, and Ohio.
- The strategy involves reopening the Belvidere facility for the new Jeep Cherokee and Compass, moving the production of the upcoming Ram midsize truck to Toledo, and constructing a brand-new Dodge Durango along with a large SUV in Michigan between 2028 and 2029.
- After the exit of former CEO Carlos Tavares, new leader Antonio Filosa is guiding Stellantis towards financial success and expansion in its most robust U.S. areas—trucks and SUVs—while reducing certain electric vehicle initiatives.
The program aims to strengthen Stellantis' domestic manufacturing under new CEO Antonio Filosa, who assumed leadership following the previous executive.Carlos Tavares was removed in late 2024. Stellantis brought in approximately 45% of its U.S. sales from overseas last year, positioning it as one of the most dependent domestic car manufacturers on imports.
$600 million is allocated for the reopening of the Belvidere Assembly Plant in Illinois, which has been closed since early 2023. The plant will be responsible for manufacturing the recently unveiled Jeep Cherokee and Jeep Compass, both anticipated to include hybrid engine options. The production of the new Cherokee will start in Toluca, Mexico, and then move to Belvidere in 2027, according to Stellantis, a decision expected to restore approximately 3,300 jobs to the area.
The Brampton Assembly Plant in Canada was initially set to manufacture the Compass, but this plan was altered due to the introduction of tariffs. It remains uncertain what Stellantis will do with the facility located just outside Toronto, which has been inactive since early 2024.
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Stellantis has announced that its new Ram midsize truck—expected to be called the revived Dakota—will now be constructed at the Toledo Assembly Plant in Ohio instead of BelvidereA $400 million investment will increase manufacturing capacity in conjunction with the Jeep Wrangler and Gladiator, which both utilize a body-on-frame design.
Scheduled to launch in 2028, the midsize Ram will mark the brand's return to this category since the Dakota ceased manufacturing in 2011. Stellantis states that this initiative will create 900 new positions and bring further enhancements to Toledo for "advanced technologies and product developments" for Jeep vehicles.
In the meantime, the Detroit Assembly Complex–Jefferson is set to receive $130 million for manufacturing the upcoming Dodge Durango, expected to launch in 2029. Stellantis mentions that the new Durango will come with various powertrain choices—hopefully, the Hemi is among them. By the time the next-generation Durango is released,the present truck will be old enough to cast a vote.
The automaker will also invest $100 million into its Warren Truck Assembly Plant in Michigan to produce a completely new large SUV set to launch in 2028, offering both internal combustion and range-extender hybrid powertrain options. The facility currently manufactures theJeep Grand Wagoneer, although Stellantis has not yet confirmed whether the new SUV will join or replace them. It would not be unexpected if it ends up with a Chrysler badge; the brand is in need of products, and a large, luxurious SUV paired with the Grand Wagoneer could serve as a great opportunity.
In Indiana, Stellantis is set to start manufacturing a new GMET4 EVO four-cylinder engine called the Hurricane 4 in 2026—a $100 million investment anticipated to create 100 additional jobs. The Hurricane 4 is expected to gradually replace the Pentastar V6 in various uses; the updated engine will make its debut in the redesigned Jeep Grand Cherokee.
Stellantis provided no information regarding the delayed Jeep Recon EV and Chrysler's new electric SUV, which were both initially set to begin production this year. It has been reported that Jeep is now reevaluating its decision to make the Recon solely electric, while Chrysler's project could be encountering development setbacks.
The statement is made as Stellantis strives to regain momentum under CEO Antonio Filosa, who assumed leadership after Carlos Tavares stepped down in December 2024 following a period of declining sales and excess inventory at dealerships.
"This financial commitment to the U.S. - the biggest in our company's history - highlights our dedication to American employees, our clients, and our long-term plans here," Filosa stated in a release.
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