From Yahoo Finance: 2025-05-21 12:45:00

Stellantis N.V. is investing $388 million to build a spare parts plant in Detroit, aiming to shield itself from Trump’s tariffs and competition. The move comes after STLA stock hit a multi-year low due to tariff risks. The plant, set to launch in 2027, will create at least 488 union jobs and increase STLA’s immunity to tariffs. Formed in 2021 through a merger, Stellantis owns 14 iconic brands and has been outperforming the market since April. While STLA shows promise, some believe AI stocks offer higher returns. For more information, check out the report on the cheapest AI stock with 100x upside potential.



Read more at Yahoo Finance: Stellantis Plans $388 Million Spare Parts Facility in Detroit