Stellantis Responds to Tariff Pain With $13 Billion US Plan (1)

Stellantis NV vowed to invest $13 billion in the US over the next four years as the maker of Jeep SUVs and Ram trucks seeks to reinvigorate its business in the critical market and mitigate tariff costs.

The move — billed Tuesday as the single largest investment in its more than 100-year history — will boost annual finished vehicle production by 50% over current levels. The total dollar figure includes research and development and supplier expenses in addition to investments in manufacturing operations.

Stellantis shares rose more than 4% on Wednesday in Milan, the biggest intraday jump since Oct. 2. ...