Driving the news: Stellantis is planning approximately $10 billion in U.S. investments over the coming years, with about $5 billion in new commitments expected to be announced in the coming weeks, reports Bloomberg
For context: According to people familiar with the matter, the money could be used for plant re-openings and new models in Illinois and Michigan, with a focus on revitalizing Jeep and potentially launching a new Dodge V8 muscle car.
No further details are available at this time, but earlier this year, Stellantis did confirm plans to reopen the idled Belvidere, Illinois plant for a new midsize pickup.
What it means: Unlike his predecessor Carlos Tavares' strategy of shifting production to Mexico and prioritizing Europe, new CEO Antonio Filosa is focused on re-gaining U.S. market share.
The investment could also curry favor with the Trump administration at a time when Detroit automakers are lobbying heavily for tariff relief.
Meanwhile, Stellantis is pulling back in Europe by scrapping investments, pausing production at eight plants, and potentially selling its Free2move business.
Big picture: Stellantis is making a clear bet that North America is where the company rebuilds profitability, using $10 billion in domestic investment as both a growth strategy and political capital for tariff negotiations.
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