Paris (Reuters) -Stellantis plans to bring its investments to the United States to ten billion dollars, reports Bloomberg News on Saturday, citing sources close to the file.
According to the American news agency, the Franco-Italian-American car manufacturer could announce about five billion dollars of new investments in the coming weeks, which would be added to a similar amount scheduled earlier in the year.
These investments, which would spread over several years, could be arrowed to factories – reopening, hiring, new models – in states such as Illinois and Michigan.
Stellantis, shaken last year by significant commercial difficulties, especially in the United States, which has greatly degraded its financial performance, announced to the last Munich automobile fair that it has been working since the start of September on a overhaul of its medium-term strategic plan.
“As part of the preparations for updating the Group and Capital Markets Day strategy next year, the director general (Antonio Filosa) conducts a complete assessment of all future investments,” a spokesperson for Stellantis told Reuters. “This process takes its course.”
(Rishabh Jaiswal in Bengalore, with Gilles Guillaume in Paris)
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