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Stellantis to channel $10bn into US operations amid strategic shift

Stellantis is poised to allocate around 10bninvestmentintoitsUSoperations,Bloombergreported,citingsources.TheproposedinvestmentispartofarefocusontheUSmarket,whichisdeemedcrucialforthecompanysprofitability.Accordingtosources,theautomotivegiant,responsiblefortheproductionofJeepSUVsandRampickups,isexpectedtoannouncea10bn investment into its US operations, Bloomberg reported, citing sources. The proposed investment is part of a refocus on the US market, which is deemed crucial for the company's profitability. According to sources, the automotive giant, responsible for the production of Jeep SUVs and Ram pickups, is expected to announce a 5bn investment, supplementing an earlier commitment of a similar amount. The funds are anticipated to be distributed over several years and ...