Stellantis said to plan $10 billion in U.S. turnaround investments
Stelantis NV plans to invest about 10 billion dollars in the United States as a troubled maker of Jeep Sport Utility and RAM Pickups re -focus on the market that belongs to its profits, according to people familiar with the situation.
In the coming weeks, the auto maker may announce about $ 5 billion in new money in addition to a similar amount allocated earlier in the year, the people who refused to identify the non -public information said. 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 industries that reveal the major investment tools in the world’s largest economy for president Donald Trump and also help alleviate the impact of definitions. South Korea [hotlink]Hyundai Motor[/hotlink] The group said in August that it will increase its investments in the United States by $ 5 billion to 26 billion dollars until 2028, and many major European pharmaceutical companies have also pledged billions of dollars in new spending.
Money may also help obtain a pledge by President John Elcan, who previously met Trump to discuss American investments, to manufacture a new medium -sized pick -up pick in its kidnapper in Balfider, Illinois, where the company committed to return about 1500 employees to work. Such a step can help satisfy the United Automobile Union, who had previous talks on this topic with Stelantis.
Stelantis prepares the advertisement while pressing the administration in the last days to give up or soften a 25 % potential tariff that can reach 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 the decision to withdraw subsidies for a joint car hydrogen project with Michelin and Formia C. Bloomberg reported this week that Stelantis sell its 2move’s free business to share cars. Earlier this year, MCKINSEY & Co. For strategic advice on MASERATI and Alfa Romeo. I have repeatedly denied any plans to sell Maserati.
Read more: How Stelantis has become the Global Auto Warning Story
Increased concentration in the United States warns of danger in Europe, where the owner of brands, including FIAT and Peugeot, suffers from excessive manufacturing. Like its competitors, Stelantis competes with the extra capacity with the expansion of Chinese manufacturers led by CO. BYD in the area with competitive cars. Stelantis temporarily stops production in eight of its factories in Europe amid the late demand for models including Alfa Romeo Tonale Sport Office and Fiat Panda.
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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2025-10-04 22:35:00
