Stellantis Plots $70 Billion Turnaround Leaning on US Gains (2)

Stellantis NV announced a major investment push focused on four core brands in a broad reset to boost profitability.

The automaking group will spend some €60 billion ($70 billion) through 2030 to launch 60 new models, prioritizing the Jeep, Ram, Peugeot and Fiat brands. In North America, it plans to add a new compact and midsize pickup truck as well as a new entry-level model for the Dodge brand to help it rebuild after years of sales declines.

Chrysler, which today sells just a minivan, will get three new crossover models with a price range of $25,000 to $35,000. Stellantis ...