Stellantis (NYSE:STLA) has unveiled a sweeping $13 billion investment plan in the United States aimed at launching five new vehicle models and creating 5,000 jobs at its Midwest manufacturing facilities over the next four years.
The initiative, which includes both fresh capital and previously announced commitments, is also seen as a strategic step to cushion the automaker from the financial impact of tariffs imposed by U.S. President Donald Trump. The company estimates the tariffs will cost roughly $1.7 billion this year alone.
Chief Executive Officer Antonio Filosa described the move as “the largest in the group’s history,” underscoring its importance in strengthening Stellantis’ position in one of its key markets. “The tariffs are becoming increasingly clear. And we believe they will be just another variable in our business equation that we must be ready to manage, and we will,” Filosa told Reuters.
Following the announcement, Stellantis shares rose about 4% in after-hours trading in the U.S.
The investment will inject capital into facilities in Michigan, Illinois, Ohio, and Indiana. Some factories are set to produce new models, while others will expand existing vehicle lines.
A central focus of the announcement is the Belvidere, Illinois plant—a facility that has previously been a flashpoint in negotiations with the United Auto Workers (UAW). The union had threatened to strike last year over the plant’s future.
“Today’s decision demonstrates that targeted tariffs on the auto sector can, in fact, bring thousands of good union jobs back to the United States,” UAW President Shawn Fain said in a statement.
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