EVs take a backseat in Stellantis’ $13B U.S. investment plan
Investment in factories across Illinois, Ohio, Michigan, and Indiana will lead to the development and production of five new vehicles and a four-cylinder engine by 2029.
MAIN POINTS
- Factories in four states will receive investment for vehicle production.
- Five new vehicles are planned for development by 2029.
- A four-cylinder engine will be produced as part of the investment.
- The initiative spans Illinois, Ohio, Michigan, and Indiana.
TAKEAWAYS
- The investment aims to enhance automotive manufacturing capabilities.
- Development of new vehicles and engines will occur over the next six years.
- The project involves multiple states, indicating a broad regional impact.
- Focus on a four-cylinder engine suggests a push for efficient, possibly eco-friendly technology.