Stellantis announced a $13 billion investment in the United States on Tuesday, a move it said will bring five new models to market and create 5,000 jobs at plants across the Midwest over the next four years. The plan, which includes some previously disclosed investments, comes as the automaker seeks to strengthen its footing in one of its most critical markets and navigate the impact of new tariffs.
Chief Executive Antonio Filosa said the investment — the largest in the company’s history — would help Stellantis manage U.S. President Donald Trump’s recently imposed tariffs, which the automaker estimates could cost around $1.7 billion this year. “Tariffs are getting clearer and clearer,” Filosa told Reuters in an interview. “And we believe that tariffs will be just another variable of our business equation that we need to be ready to manage, and we will.”
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The new funding will be directed to plants in Michigan, Illinois, Ohio, and Indiana, with some factories receiving new models and others expanding production of existing vehicles. One key beneficiary is the Belvidere, Illinois plant, which was shuttered in 2023 but will reopen to produce two Jeep models starting in 2027, creating about 3,300 jobs, according to the company.
“Their decision today proves that targeted auto tariffs can, in fact, bring back thousands of good union jobs to the U.S.,” said United Auto Workers (UAW) President Shawn Fain. Industry analysts also praised the move, with Sam Fiorani, vice president at AutoForecast Solutions, noting that “filling Stellantis’ underutilized plants should be a welcome announcement for UAW workers.”
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The investment announcement follows months of internal planning and employee briefings about Stellantis’ strategy under Filosa, who took over in June after the abrupt resignation of former CEO Carlos Tavares in December. Filosa is tasked with revitalizing Stellantis’ U.S. market share, which has been under pressure due to pricing and product mix concerns.
Filosa is expected to unveil a new strategic plan in the second quarter of next year, having recently delayed it from the first quarter.