Stellantis NV is preparing to invest approximately $10 billion in the United States as the automaker works to revitalize its American operations, with a focus on its profitable Jeep and Ram brands, Bloomberg reported on Sunday.
The investment plan includes about $5 billion in new funding on top of a similar amount already committed earlier this year, the report said, citing sources.
An announcement could come in the coming weeks.
The multi-year investment would target plants in states including Illinois and Michigan, potentially funding re-openings, hiring initiatives, and new vehicle models, the report added.
Stellantis is particularly focused on restoring Jeep’s former market position and is exploring new investments in the Dodge brand.
These plans may include developing a new Dodge V8 muscle car. The company is also considering long-term investments in the Chrysler brand.
The sources noted that discussions are still ongoing, with no final decisions made. Both the investment amount and specific projects remain subject to change.
