In this article

STLA

Follow your favorite stocks CREATE FREE ACCOUNT

French-Italian-American automaker Stellantis is planning to invest about $10 billion in the United States, Bloomberg News reported on Saturday, citing people familiar with the situation.

Stellantis may announce in the coming weeks about $5 billion in fresh investment on top of a similar amount earmarked earlier in the year, the report said.

The report added that the investments over several years could be funneled into plants — including reopenings, hiring, and new vehicle models — in states such as Illinois and Michigan.

In July, Stellantis had warned of a 1.5 billion-euro ($1.76 billion) hit from U.S. tariffs this year, but pledged new vehicle launches to reconnect with customers as new CEO Antonio F

See Full Page