Stellantis plans to invest $10 bn in US turnaround

• Bloomberg

• Published On Oct 6, 2025 at 08:29 AM IST

New spending reflects efforts by chief executive officer Antonio Filosa, who was appointed to the top job in May, to recalibrate investments across regions.

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Stellantis NV is planning to invest about $10 billion in the US as the troubled maker of Jeep sport utility vehicles and Ram pickups refocuses on the market that’s pivotal to its profits, according to people familiar with the situation.The carmaker may announce in the coming weeks about $5 billion in fresh money on top of a similar amount earmarked earlier in the year, said the people, who declined to be identified discussing information that’s not public. The investments over several years could be funnelled into plants —including re-openings, hiring and new models — in states such as Illinois and Michigan, the people said.Stellantis is focused on reclaiming the past success of the Jeep brand and is considering fresh investments into Dodge, which could result in a new Dodge V8 muscle car, and possibly even the Chrysler brand in the long term, some of the people said. Talks are ongoing, no final decision has been made and the amount and targeted projects could still change, the people said.The new spending reflects efforts by chief executive officer Antonio Filosa, who was appointed to the top job in May, to recalibrate investments across regions, the people said. Under former CEO Carlos Tavares, Stellantis had aggressively pushed to shift its production and engineering operations to lower-cost countries like Mexico. He also invested heavily in Europe, where car demand is weak and profitability low, in the years that followed the group’s 2021 creation.“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 media representative said in emailed comments, declining to elaborate further.

Stellantis’ actions would mirror those of companies across industries unveiling big investment plans in the world’s biggest economy to curry favour with President Donald Trump and also help mitigate the impact of tariffs.