Stellantis said to plan $ 10 billion in the US Turnrand Investments | Luck
Stellantis NV plans to invest about $ 10 billion in the US as a problem creator of commercial vehicles Jeep Sport and focuses on a market that is familiar with this situation.
In the coming weeks, the automaker can announce about $ 5 billion in fresh money at the top of an amente that was earmarked at the beginning of the year, that people who have refused to be identified are discussing information that is not public. Investments over several years could be transferred to plants that include re -opening, hiring and new models in countries such as Illinois and Michigan, people said.
Stellantis focuses on the regeneration of the previous success of the Jeep brand and is considering new investments in Dodge, which could lead to the new Dodge V8 muscle, because and perhaps even the Chrysler brand in the long run, some people said. Interviews Nagoing, no final decision and love and targeted projects could still change, people said.
The new expenditure reflects the efforts of the CEO Antonio Filosa, who was completed in May to recalibrate investments across regions, people said. As part of CEO Carlos Tavares, Stellantis aggressively tried to move his production and engineering operations to low -cost countries like Mexico. He also invested heavily in Europe, where the application for cars is weak and low profitability, in the years that followed the creation of the 2021 group.
“As part of the preparation for updating the company’s strategy and the day of capital markets next year, the CEO leads a thorough evaluation of all future investments. This process is a nail,” said the media representative in -mail and declared another one.
Stellantis would reflect the events of companies across industries that reveal large investment plans in the world’s largest economy to protect themselves with President Donald Trump and also help mitigate the impact of tariffs. The South Korea Group (Hotlink) Hyundai Motor (/Hotlink) said in August that by 2028 it would increase its US investment by $ 5 billion to $ 26 billion and several large European pharmaceutical companies also promised billions of dollars of new expenses.
Money can also help earn money from John Elkann, who had previously met Trump in discussion on American investments to produce a new medium -sized vehicle in his idling at Belvidere, Illinois, where the company undertook to return around 1,500 such a step.
Stellantis is preparing notifications, while in recent days it has been lobbying to administration to give up or alleviate a possible 25% tariff that could otherwise hit the medium -term RAM that the company is doing in Mexico.
Filosa, an industrial veteran from the predecessor of Stellantis’ Company Fiat Chrysler Automobiles, seeks to stabilize a group that suffers from steep loss in the US and Europe market after a number of strategic incorrect steps under Tavares. They also try to navigate after falling from Trump’s tariffs that transform a global automobile environment.
Some of these efforts are starting to pay off, with a profit in American vans in the third quarter, which on Thursday help optimism with investor.
The new CEO began to smack European investments, including the decision to select the support of a joint hydrogen enterprise with Michelin and forvia. Stellantis also Mulleng’s sale of its free2move car sharing business, Bloomberg reported this week. At the beginning of this year, McKinsey & Co. For strategic advice on Maserati and Alfa Romeo. He repeatedly denied any plans for the sale of Maserati.
Read more: How Stellantis became a warning story Global Auto
Increased American focus are alarming trade unions in Europe, where the owner of the brands including Fiat and Peugeot suffers from excessive production capacity. Like his rivals, Stellantis fights with the excessive capacity of Chinese manufacturers led by Byd what. Expand in the region with competitive car prices. Stellantis temporarily suspends production at eight of its races in Europe in the middle of delayed models, including the Alfa Romeo Tonale Sport Utility Vohil and Fiat Panda.
Filosa is scheduled to meet with Italian representatives of trade unions 20. October as concerns about the possible closure of plants. At the end of last year, the company submitted an ambitious production plan for Italy, which contributes to Filosa to fulfill these promises.
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