Oct. 15 (UPI) -- Automaker Stellantis says it plans to invest billions in U.S. car manufacturing over the next four years under its new company chief.
Stellantis, the parent company of multiple auto bands including Jeep and Chrysler, announced Tuesday plans to infuse at least $13 billion in its American output to add roughly 5,000 jobs to plants in Illinois, Ohio, Michigan and Indiana though 2029. It added it will increase domestic production by around 50%.
The company, with headquarters in Michigan and the Netherlands, plans to launch five new vehicle models and reopen its plant in Belvidere, Ill., for production of two new Jeep vehicles.
The turnaround is being led by new CEO Antonio Filosa, who started his new role over the summer.
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