US EditionReport: Stellantis Plans $10 Billion US Investment
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3 Articles
The EU thinks of 50% rates to hit the Chinese steel: another victory of Trump. The ECB: economy in braking at the end of the year.Stellantis closes the plants in Europe and Italy and invests in the US. The motivation of the mega operation from 10 billion dollars is that there the market pulls but the objective is to...
After years of cost-cutting and moving production to cheaper labor, Stellantis is returning to America. The $10 billion investment is not only to modernize the factories but also to transform them into the backbone of a new era where electric cars, hybrids, and classic muscle cars will be born side by side. It is the automaker's largest industrial turnaround since its founding.
Report: Stellantis Plans $10 Billion US Investment
AUBURN HILLS – Stellantis is planning to invest roughly $10 billion into the United States as part of a turnaround effort to regain traction in one of its key markets, sources familiar with the matter told Bloomberg. The automaker is planning to add an additional $5 billion investment on top of an earlier $5 billion pledge, made earlier this year, with much of the investment directed toward strengthening its U.S. manufacturing network, includin…
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