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Automaker Stellantis is making $13 billion bet on a U.S. comeback, after a rough 2024 and a $2.7 billion net loss in the first half of 2025.

High prices and stale products scuttled what had been a highly successful first few years of the combined company. Stellantis was the product of a merger of French company Peugeot and Italian American company Fiat-Chrysler. Joining forces allowed the automakers to save more than $8 billion through sharing parts and streamlining operations, roughly double what the deal had promised investors.

Pandemic-era shortages also allowed Stellantis raise prices on the vehicles it could sell when inventories were tight. The result was three years of growing profits — from $1

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