Stellantis has announced a historic $13 billion investment in the United States, marking the largest in the automaker’s history. The investment will bring five new vehicle models to the market and add 5,000 jobs across its Midwest plants over the next four years.
The initiative includes reopening the Belvidere, Illinois, plant, which had been closed in 2023. The factory will produce two Jeep models starting in 2027 and create approximately 3,300 jobs, providing a significant boost for the United Auto Workers (UAW) and local communities.
“This decision demonstrates that targeted auto tariffs can bring back thousands of well-paying union jobs to the U.S.,” said UAW President Shawn Fain.
The investment will also support operations in Michigan, Ohio, and Indiana, with some plants receiving new models and others expanding production of existing vehicles. Stellantis CEO Antonio Filosa emphasized that tariffs are “just another variable of our business equation” and expressed confidence in the company’s ability to manage them.
U.S.-listed Stellantis shares rose about 4% in after-hours trading following the announcement. Filosa, who became CEO in June, is focused on regaining the company’s market share in the United States after previous strategies under former CEO Carlos Tavares faced criticism for high pricing and slow sales.
The Belvidere plant has been a focal point for the UAW, and its reopening is expected to have a strong positive impact on workers. Industry analysts view Stellantis’ move as a strategic effort to utilize underused plants and strengthen its position in the competitive U.S. automotive market.
Filosa is expected to reveal a broader strategic plan for the company in the second quarter of next year.