Stellantis Ramps Up US Operations in Response to Trump Administration's Policies
Detroit, MI - Automotive giant Stellantis (STLA) is making significant investments in the United States, signaling its commitment to the new Trump administration's focus on domestic manufacturing.
CEO Antonio Filosa stated, "We will invest billions of dollars in our people, products, and technology here in the US."
Specific Actions Announced:
* New Midsize Pickup Truck: Stellantis will revive its Belvidere, Illinois plant to produce a new midsize pickup truck, creating approximately 1,500 jobs.
* Dodge Durango SUV Production: The next-generation Dodge Durango SUV will be assembled at Stellantis' Detroit Assembly Complex, countering rumors of its relocation to Canada.
* Toledo Plant Enhancements: Stellantis will invest in its Toledo assembly plant to enhance production of the Jeep Wrangler and Gladiator with advanced technology and additional features.
* In-House Component Manufacturing: To reduce reliance on imports, Stellantis will invest in tooling operations at its Toledo plant to produce critical components in-house.
* New Four-Cylinder Engine: The Kokomo, Indiana plant will receive investments for a new four-cylinder engine, establishing the US as the manufacturing hub for this powertrain.
These announcements come amid Trump's tariffs on Mexican and Canadian products, where Stellantis previously manufactured some of its components.
Stellantis is expected to provide further details on its US plans and financial performance when it releases its full-year earnings on February 26th.