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Stellantis has announced plans to invest $13 billion over the next four years to grow its business in the critical United States market and to increase its domestic manufacturing footprint. A portion of that investment -- $100 million – will be devoted to operations in Kokomo.

The investment is the largest in the company’s U.S. history and will support the introduction of five new vehicles, production of an new four-cylinder engine, and the addition of more than 5,000 jobs at plants in Illinois, Ohio, Michigan and Indiana.

The announcement confirms Stellantis’ commitment in January to make additional investments in several of its Kokomo facilities to produce the GMET4 EVO engine, beginning in 2026. This investment is expected to add more than 100 jobs locally.

Overall, the new investment will further expand Stellantis’ U.S. footprint, increasing annual finished vehicle production by 50 percent over current levels. The new product launches will be in addition to a regular cadence of 19 refreshed products across all U.S. assembly plants and updated powertrains planned through 2029.

“This investment in the U.S. – the single largest in the Company’s history – will drive our growth, strengthen our manufacturing footprint and bring more American jobs to the states we call home,” said Antonio Filosa, Stellantis CEO and North America COO. “As we begin our next 100 years, we are putting the customer at the center of our strategy, expanding our vehicle offerings and giving them the freedom to choose the products they want and love.

“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.”

The $13 billion investment plan includes research and development and supplier costs to execute the company’s full product strategy over the next four years, as well as investments in its manufacturing operations.

Stellantis intends to invest more than $600 million to reopen the Belvidere (Ill.) Assembly Plant to expand production of the Jeep® Cherokee and Jeep Compass for the U.S. market. With an initial production launch expected in 2027, these actions are anticipated to create around 3,300 new jobs.

With an investment of nearly $400 million, assembly of an all-new midsize truck, previously allocated to the Belvidere plant, will move to the Toledo (Ohio) Assembly Complex, where it will join the Jeep Wrangler and Jeep Gladiator. The production shift could create more than 900 jobs. Launch timing is expected in 2028.

Stellantis also intends to continue investment in its Toledo operations as previously announced in January. This includes additional technologies and product actions for both the Jeep Wrangler and Jeep Gladiator, and more components critical to production at the Toledo Machining Plant.

The company also plans to develop a new range-extended EV and an internal combustion engine large SUV that will be produced at the Warren (Mich.) Truck Assembly Plant beginning in 2028. The company will invest nearly $100 million to retool the facility. It is anticipated that the new program will add more than 900 jobs at the plant, which currently assembles the Jeep Wagoneer and Grand Wagoneer.

Stellantis also expects to invest $130 million to prepare the Detroit Assembly Complex – Jefferson for production of the next-generation Dodge Durango, reaffirming its commitment from January. Production is anticipated to launch in 2029.