Stellantis said he plans $ 10 billion in US reversal investments

Stellantis NV is planning to invest about $ 10 billion in the US as the troubled manufacturer of Jeep Sport Utility Vehicles and Ram Pickups refocus on the market that is of utmost importance to its profits, according to people who are familiar with the situation. The car manufacturer may announce about $ 5 billion in the coming weeks on top of a similar amount earmarked earlier this year, the people, who refused to be identified to discuss information that is not public. The investments over a few years can be bothered in plants-in-include reopening, rent and new models in countries such as Illinois and Michigan, people said. Stellantis is focused on recycling the success of the Jeep brand in the past and considering fresh investments in Dodge, which could lead to a new Dodge V8 muscle car, and possibly even the Chrysler brand in the long run, some people said. There is no final decision, no final decision has been made and the amount and targeted projects can still change, people said. The new expenses reflect the efforts by CEO Antonio Filosa, who was appointed to the top post in May to recalibrate investments in the regions, people said. Under former CEO Carlos Tavares, Stellantis aggressively forced his production and engineering operations to move to countries in the lower costs such as Mexico. He also invested a lot in Europe, where the question of the car is poor and profitability is low, in the years that the group’s creation of 2021 followed. “As part of the preparations for the company’s strategy update and capital markets next year, the CEO leads a thorough evaluation of all future investments. This process is underway,” a media decorator said in email commentary that he did not expand further. Stellantis’ actions will reflect those of companies across industries that have unveiled major investment plans in the world’s largest economy to give the favor of President Donald Trump and also reduce the impact of tariffs. The Hyundai Motor Group of South Korea in August said it would increase its investment in the US by $ 5 billion to $ 26 billion to 2028, and several major European pharmaceutical businesses also promised billions of dollars of new expenses. The money can also help the chairman, John Elkann, who has met Trump before to discuss US investments, to make a new middle -sized bakkie at its idle plant in Belvidere, Illinois, where the company is committed to returning about 1500 employees to work. Such a move could help strive the United Auto Workers Union, which had previous talks with Stellantis on the matter. Stellantis is preparing the announcement while the administration has been renouncing or softening a possible 25% tariff over the past few days that could otherwise hit the medium-duty Ram bakkies the company made in Mexico. Filosa, an operating veteran of predecessor business Fiat Chrysler Automobiles of Stellantis, is struggling to stabilize a group that has suffered a sharp loss to the market in the US and Europe after a series of strategic errors among Tavares. He also tries to navigate the fallout of Trump’s rates, which reform the global car landscape. Some of these efforts start paying off, with a profit in US deliveries in the third quarter that on Thursday helped investor optimism fuel. The new CEO has begun some European investments, including a decision to withdraw the support of a joint hydrogen vehicles with Michelin and Forvia’s. Stellantis is also selling a sale of its Free2Move car dividing business, Bloomberg reported this week. Earlier this year it had McKinsey & Co. hired for strategic advice on Maserati and Alpha Romeo. This has repeatedly denied any plans to sell Maserati. The increased US focus is alarming unions in Europe, where the owner of brands, including Fiat and Peugeot, suffers from the production of overcapacity. Like its competitors, Stellantis is engaged in excess capacity, as Chinese manufacturers led by Byd Co. in the region expand with competitive prices. Stellantis is temporarily interrupting production at eight of its plants in Europe amid the decline of the demand for models, including the Alfa Romeo Tonale Sport Utility Vehicle and the Fiat Panda. Filosa is scheduled to meet the Italian representatives of the trade union on October 20 as concerns about the possible plants of the plant. Late last year, the company offered an ambitious production plan for Italy, which adds the pressure to Philosia to make the promises good. © 2025 Bloomberg MP This article was generated from an automatic news agency feed without edits to text.