Automaker Stellantis (STLA), the parent company of Ram, Jeep, and Dodge, will invest heavily in the U.S. in response to the Trump administration’s focus on domestic manufacturing. The company’s North America COO, Antonio Filosa, confirmed that Stellantis will pour billions of dollars into the U.S., which will create jobs and drive economic growth. This comes after a meeting between Stellantis’ chairman, John Elkann, and President Trump.
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As part of its U.S. investment plan, Stellantis will reopen its Belvidere, Illinois, assembly plant to produce a new midsize pickup truck. This move will restore approximately 1,500 jobs for UAW members. Additionally, the company will invest in its Detroit Assembly Complex to produce the next-generation Dodge Durango SUV and will upgrade its Toledo assembly plant, where the Jeep Wrangler and Gladiator are built.
Stellantis’ investment plans also include tooling operations at its Toledo plant and the production of a new four-cylinder engine at its Kokomo, Indiana plant. The announcements also follow President Trump’s indication that tariffs may be imposed on products made in Mexico and Canada, where Stellantis currently manufactures some of its vehicles.
Is STLA a Good Stock to Buy Now?
Turning to Wall Street, STLA stock has a Moderate Buy consensus rating based on five Buys, eight Holds, and one Sell assigned in the last three months. At $14.55 per share, the average Stellantis price target implies an upside potential of 11%. It is also worth noting that shares of the company have declined 34% over the past year.
