Stellantis will invest $13bn over the next four years to expand its presence in its “critical” US market and grow domestic manufacturing.
The company said the outlay is the largest in its 100-year US history and the investment is also intended to increase annual finished vehicle output in the country by 50% compared with current levels.
It will back the launch of five new vehicles, production of a new four-cylinder engine, and the creation of more than 5,000 jobs at plants in Illinois, Ohio, Michigan and Indiana.
The plan comes after the US Government said it will heavily tax motor vehicles imported but not made in the country and Stellantis, through its previous Chrysler and GM links, sells a lot of utility vehicles in America but has been importing models to save money in manufacturing.
