Stellantis plans ‘multibillion-dollar investment’ in US

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Stellantis, the owner of Chrysler and Fiat brands, has announced a “multibillion-dollar investment” in the US, days after its chair John Elkann met Donald Trump ahead of the US president’s inauguration.

In an email to staff seen by the Financial Times, Stellantis’s head of US operations Antonio Filosa said that it would make the investment in sites across the US, in California, Michigan, Ohio and Indiana.

Elkann told Trump that Stellantis would strengthen its US manufacturing footprint, “providing stability for our great American workforce”, the email sent to Stellantis US employees on Wednesday morning stated.

The investments include plans to build a new mid-size pick-up truck in Belvedere, California, investments in a site in Detroit building a new Dodge car, investments in Jeep brands at its Toledo site in Ohio, and in facilities to make an engine used in Stellantis vehicles in Kokomo, Indiana.

Filosa said that the plans “entail a multibillion-dollar investment in our people, great products, and innovative technology, all here in the US”.

The plans have been shared with the US Auto Workers union, which represents employees in the sector.

The announcement comes more than a month after former chief executive Carlos Tavares departed the company, after disagreements with the board.

Elkann has since met governments in Italy and France, as well as the European Commission, as he seeks to rebuild relations with stakeholders in the carmaker.

Stellantis did not immediately respond to a request for comment.


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