Stellantis is poised to allocate around $10bn 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 ...

(Bloomberg) — Stellantis N.V. (STLA) is planning to invest about $10 billion in the US as the troubled maker of Jeep sport utility vehicles and Ram pickups refocuses on the market that’s pivotal to its profits, according to people familiar with the situation. Most Read from Bloomberg The carmaker may announce in the coming weeks about $5 billion in fresh money on top of a similar amount earmarked earlier in the year, said the people, who declined to be identified discussing information that’s not public. ...