Stellantis said to plan $10 billion in U.S. turnaround investments

In the coming weeks, the auto maker may announce about $ 5 billion in new money, in addition to a similar amount Dedicated Earlier in the year, the people who refused to identify them said to discuss non -public information. The people said that investments over several years can be converted into factories-including the collapse and employment and new models-in states such as Illinois and Michigan.

Stelantis focuses on restoring the previous success of the Jeep Brand brand and considers new investments in Dodge, which may lead to the new Muscle Dodge V8, and perhaps even the long -term Chryler brand. People said that the talks are continuing, and no final decision has been taken and the amount and targeted projects remain may change.

The people said that the new spending reflects the efforts of CEO Antonio Villaosa, who was appointed to the higher position in May, to calibrate investments across the regions. During the era of former CEO Carlos Tavares, Stelantis pushed strongly to transform production and engineering into low -cost countries such as Mexico. He also invested intense in Europe, where the demand for cars is weak and a decrease in profitability, in the years that followed the creation of Group 2021.

“As part of preparations to update the company’s strategy and market day next year, the CEO leads a comprehensive evaluation of all future investments. This process continues,” said a media representative in the comments via e -mail.

Stelantis actions would reflect the results of companies through the industries they reveal Great investmentPlan in the world’s largest economy in favor of Curry with President Donald Trump as well as helping to alleviate the impact of definitions. South Korea [hotlink]Hyundai Motor[/hotlink] The group said in August that it would work Increase its investments In the United States by $ 5 billion to $ 26 billion until 2028, many major European pharmaceutical companies have also pledged billions of dollars in new spending.

You may also help money meet Trump previously to discuss American investments, to manufacture a new medium -sized pickup vehicle at its kidnapper in Belferi, Illinois, where the company has committed to the return of about 1500 employees to work. Such a move can help satisfy the United Auto Labor Union, which was held Previous talks On this issue with stellantis.

Stelantis is the advertisement While the pressure was Management in the last days to waive or soften a 25 % potential tariff that can pressure the medium random access memory that the company makes in Mexico.

Filosa, an old warrior in industry from the former Stelantis company, is fighting Fiat Automobiles, to achieve stability in a group that suffered from severe market losses in the United States and Europe after a series of strategic errors under Tafaris. He is also trying to move in Trump’s tariff, which reshapes the global car scene.

Some of these efforts began to bear fruit, with a profit in the third quarter of US delivery operations that helped fuel the optimism of the investor on Thursday.

The new CEO has begun to cancel some European investments, including a decision Withdraw support For a complex hydrogen project with Michelin and Forvia SE. Stelantis also Think about selling From the work of the Free2move car, Bloomberg mentioned this week. Earlier this year, I rented McKinsey & Co. to Strategic advice Maserati and Alva Romeo. I have repeatedly denied any plans to sell Maserati.

Read more: How Stelantis became the Global Auto Warning Story

The growing American focus raises unions in Europe, where the owner of brands, including Fiat and Peugeot It suffers from manufacturing excessive manufacturing. Like its competitors, Stelantis competes with the extra capacity like Chinese manufacturers led by Byd Expansion Co. In the area with competitive cars. Stelantis is Temporary production In eight of its plants in Europe amid the late demand for models, including Alfa Romeo Tonale Sports Sports Sports, Panda deaths.

Filosa is to meet with Italian labor union representatives on October 20 as a worry about the closure of potential plants. Late last year, the company made an ambitious production plan to Italy, adding pressure on Filaosa to achieve a good investigation.

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