Evs Take A Backseat In Stellantis’ $13b U.s. Investment Plan

Stellantis, nan world automaker that owns Chrysler, Jeep, and Ram, said it will put $13 cardinal to beef up its U.S. manufacturing complete nan adjacent 4 years arsenic portion of a broader revival scheme directed by its caller CEO.

Five caller vehicles will beryllium developed and produced done 2029 arsenic portion of nan finance into factories successful Illinois, Ohio, Michigan, and Indiana. The finance will besides support nan accumulation of a caller four-cylinder motor and reopen nan Belvidere Assembly Plant successful Illinois, which will let nan automaker to grow accumulation of nan Jeep Cherokee and Jeep Compass for nan U.S. market. In all, much than 5,000 jobs will beryllium created.

Unlike erstwhile multi-billion-dollar finance pledges, however, this 1 doesn’t attraction connected electrification.

One of nan 5 caller vehicles will beryllium a range-extended EV — a conveyance that combines a artillery pinch a state generator for further scope — produced astatine nan Warren Truck Assembly Plant successful Michigan opening successful 2028. The automaker besides plans to nutrient a ample new, gas-powered SUV astatine nan Warren plant.

The remaining products see a next-generation Dodge Durango that will beryllium produced astatine nan Detroit Assembly Complex successful 2029, a caller midsize motortruck that will beryllium assembled astatine its Toledo Assembly Complex successful Ohio, and an all-new four-cylinder motor called nan GMET4 EVO that will spell into accumulation opening successful 2026 astatine its Kokomo, Indiana, factory.

Image credits: Stellantis

Stellantis CEO and North America COO Antonio Filosa said nan finance will thrust nan automaker’s growth, fortify its manufacturing footprint, and bring and “bring much American jobs to nan states we telephone home.”

“Accelerating maturation successful nan U.S. has been a apical privilege since my first day. Success successful America is not conscionable bully for Stellantis successful nan U.S. — it makes america stronger everywhere,” Filosa said successful a statement.

Stellantis has scaled backmost its electrification plans for nan U.S. marketplace successful nan past year. The automaker said successful September it would nary longer see an electrified Gladiator successful its Jeep lineup arsenic it reassessed its merchandise strategy. Earlier that month, nan automaker said it canceled plans to nutrient a battery-electric full-size pickup. However, Stellantis said it still planned to nutrient an extended-range Ram 1500 REV, formerly called nan Ramcharger.