Stellantis may announce in the coming weeks about $5 billion in fresh investment on top of a similar amount earmarked earlier in the year, the report said.
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The report added that the investments over several years could be funneled into plants — including reopenings, hiring, and new vehicle models — in states such as Illinois and Michigan.
Stellantis is reintroducing models, including the Jeep Cherokee and 8-cylinder RAM trucks, after dropping them proved to be one of the causes of the group’s declining sales since 2024, Filosa said in September.
The carmaker is focused on reclaiming the past success of the Jeep brand and is considering fresh investments in Dodge, which could result in a new Dodge V8 muscle car, and possibly even the Chrysler brand in the long term, the Bloomberg report added.
“As part of the preparations for the Company’s strategy update and Capital Markets Day next year, the CEO is leading a thorough evaluation of all future investments. This process is ongoing,” a Stellantis spokesperson said in a statement to Reuters. The spokesperson did not elaborate.
($1 = 0.8517 euro)
Reporting by Rishabh Jaiswal in Bengaluru and Gilles Guillaume in Paris
Editing by Rod Nickel and Matthew Lewis
Our Standards: The Thomson Reuters Trust Principles.