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Stellantis announces ‘multi-billion-dollar’ investment in the US

January 23, 2025
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Stellantis announces ‘multi-billion-dollar’ investment in the US
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Stellantis has unveiled plans for a big multi-billion-dollar funding in the USA. This announcement follows a current assembly between Chrysler Chair John Elkann and former President Donald Trump.

In an e-mail shared with Stellantis workers within the U.S., Elkann reportedly knowledgeable Trump, previous to his inauguration, that the corporate strives to reinforce its manufacturing presence within the nation, aiming to supply stability for the American workforce.

Stellantis confirmed its funding intentions in an e-mail to the Monetary Instances. Antonio Filosa, head of U.S. operations for the automaker, talked about that funds will likely be allotted throughout a number of states, together with California, Illinois, Michigan, Ohio, and Indiana.

In Illinois, the first focus is on reopening the Belvedere plant, which has confronted challenges associated to negotiations with the United Auto Employees (UAW). The reopening is predicted to create roughly 1,500 jobs for UAW members, because the plant will quickly be producing a brand new mid-size pickup truck. In Michigan, Stellantis plans to fabricate a brand new Dodge Durango mid-sized SUV on the Detroit Meeting Advanced.

Moreover, the corporate goals to bolster its Jeep model by rising funding at its Ohio facility. In Kokomo, Indiana, Stellantis is ready to start manufacturing of the GME-T4 EVO engine.

The Teslarati crew welcomes your suggestions. If in case you have any suggestions, be happy to achieve out at maria@teslarati.com or on Twitter @Writer_01001101.



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