EVs take a backseat in Stellantis’ $13B U.S. funding plan | TechCrunch

Stellantis, the worldwide automaker that owns Chrysler, Jeep, and Ram, stated it is going to make investments $13 billion to beef up its U.S. manufacturing over the following 4 years as a part of a broader revival plan directed by its new CEO.

5 new autos will probably be developed and produced via 2029 as a part of the funding into factories in Illinois, Ohio, Michigan, and Indiana. The funding may also assist the manufacturing of a brand new four-cylinder engine and reopen the Belvidere Meeting Plant in Illinois, which is able to enable the automaker to broaden manufacturing of the Jeep Cherokee and Jeep Compass for the U.S. market. In all, greater than 5,000 jobs will probably be created.

In contrast to earlier multi-billion-dollar funding pledges, nonetheless, this one doesn’t deal with electrification.

One of many 5 new autos will probably be a range-extended EV — a car that mixes a battery with a gasoline generator for added vary — produced on the Warren Truck Meeting Plant in Michigan starting in 2028. The automaker additionally plans to provide a big new, gas-powered SUV on the Warren plant.

The remaining merchandise embody a next-generation Dodge Durango that will probably be produced on the Detroit Meeting Advanced in 2029, a brand new midsize truck that will probably be assembled at its Toledo Meeting Advanced in Ohio, and an all-new four-cylinder engine known as the GMET4 EVO that can go into manufacturing starting in 2026 at its Kokomo, Indiana, manufacturing unit.

Stellantis CEO and North America COO Antonio Filosa stated the funding will drive the automaker’s progress, strengthen its manufacturing footprint, and “bring more American jobs to the states we call home.”

“Accelerating growth in the U.S. has been a top priority since my first day. Success in America is not just good for Stellantis in the U.S. — it makes us stronger everywhere,” Filosa stated in a press release.

Stellantis has scaled again its electrification plans for the U.S. market up to now 12 months. The automaker stated in September it could now not embody an electrified Gladiator in its Jeep lineup because it reassessed its product technique. Earlier that month, the automaker stated it canceled plans to provide a battery-electric full-size pickup. Nonetheless, Stellantis stated it nonetheless deliberate to provide an extended-range Ram 1500 REV, previously known as the Ramcharger.