Stellantis to Invest Billions in
Photo: Carlos Osorio/AP/TT

Stellantis to Invest Billions in US Production Expansion

The automotive group Stellantis plans to make major investments in the USA. Within the span of four years, the company will invest the equivalent of 124 billion kronor in its production in the country.

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The group, which includes, among other things, Chrysler, Fiat and Jeep, states that it will, among other things, reopen a closed factory in the city of Belvidere in the state of Illinois. The purpose is to broaden the production of the Jeep models Cherokee and Compass, starting in 2027.

Stellantis also states that factories in Ohio, Michigan and Indiana will be expanded.

In total, the plans are expected to create around 5,000 jobs.

To accelerate our growth in the USA has been a high priority since my first day, says Stellantis CEO Antonio Filosa.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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