Stellantis plans to invest $13 billion in the U.S. over four years, increasing vehicle production by 50% and adding 5,000 jobs. The investment will introduce five new vehicles, boost North American profitability, and support 19 refreshed products through 2029. CEO Antonio Filosa calls it the company’s largest U.S. investment. Stellantis operates 34 sites in 14 states, producing 16 million cars for sale in the U.S. market. The company is relaunching new models and responding to customer demand for certain vehicles. Stellantis reported half-year losses of 2.3 billion euros, with U.S. shipments down by nearly a quarter as the carmaker reduced imported vehicles. Shares in Stellantis fell sharply in after-hours trading after closing 4.8% lower during regular trading.

Read more at Yahoo Finance: Stellantis says it will invest $13B to expand its US operations, adding more than 5,000 jobs