Stellantis Announces Record $13B U.S. Investment, Stock Surges 8%
Stellantis NV (STLA) shares jumped 8% in after-hours trading following the automaker's announcement of a $13 billion investment in U.S. manufacturing over the next four years. The Maker of Jeep, Ram, and Dodge vehicles plans to expand production capacity by 50% while launching 19 refreshed models through 2029.
The historic investment targets plants in Illinois, Ohio, Michigan, and Indiana, creating over 5,000 jobs. CEO Antonio Filosa emphasized the strategic importance of the U.S. market: "Success in America is not just good for Stellantis in the U.S. — it makes us stronger everywhere."
The plan includes five new vehicle launches and a four-cylinder engine program. Illinois facilities will receive over $600 million as part of the capital deployment.
