Reported 17 days ago
Stellantis has announced a groundbreaking $13 billion investment aimed at expanding its manufacturing capabilities in the US, marking the largest investment in its 100-year history. This initiative is expected to increase production by 50%, create 5,000 new jobs, and introduce five new vehicle models over the next four years. Major funding will be allocated to various plants, including a $600 million investment in Illinois to reopen the Belvidere Assembly Plant, which was closed in 2023. This investment follows challenges stemming from extensive tariff actions and aims to strengthen Stellantis's presence in the American automotive market.
Source: YAHOO