Stellantis, the international automaker behind brands like Chrysler, Jeep, and Ram, has announced a major investment of thirteen billion dollars to strengthen its United States manufacturing operations. This investment is a key part of a broader revival plan led by its new CEO and will unfold over the next four years.
The plan includes the development and production of five new vehicles through 2029. These vehicles will be built across factories located in Illinois, Ohio, Michigan, and Indiana. The funding will also support the production of a new four-cylinder engine. A significant part of the plan is the reopening of the Belvidere Assembly Plant in Illinois, which will enable expanded production of the Jeep Cherokee and Jeep Compass for the U.S. market. In total, this initiative is expected to create more than five thousand new jobs.
Unlike many recent large-scale investment pledges from automakers, this plan does not primarily focus on vehicle electrification. Only one of the five new vehicles will be an electric model with a range extender, which combines a battery with a gasoline generator to provide additional driving distance. This vehicle will be produced at the Warren Truck Assembly Plant in Michigan starting in 2028. The automaker also plans to produce a large, new gasoline-powered SUV at the same Warren plant.
The remaining products in the plan include a next-generation Dodge Durango to be produced at the Detroit Assembly Complex in 2029, and a new midsize truck that will be assembled at the Toledo Assembly Complex in Ohio. The new four-cylinder engine, called the GMET4 EVO, is scheduled to begin production in 2026 at the company’s factory in Kokomo, Indiana.
Stellantis CEO and North America COO Antonio Filosa stated that this investment will drive the company’s growth, strengthen its manufacturing footprint, and bring more American jobs to the states where it operates. He emphasized that accelerating growth in the U.S. has been a top priority since his first day, and that success in America strengthens the company globally.
This announcement follows a period where Stellantis has scaled back some of its electrification plans for the U.S. market. Last year, the company stated it would no longer include an electrified Gladiator in its Jeep lineup as it reassessed its product strategy. Earlier that same month, the automaker canceled plans to produce a battery-electric full-size pickup truck. However, Stellantis has confirmed it still plans to produce an extended-range Ram 1500 REV, which was formerly called the Ramcharger.