Stellantis has pledged to invest a record $13bn in the US over the next four years in a bid to mitigate the effect of Donald Trump’s tariffs and boost its production of petrol and hybrid vehicles.
The announcement spurred immediate concerns about the future of the group’s Ontario plant and prompted Canada’s Prime Minister Mark Carney to urge Stellantis to keep its pledges to local workers to maintain vehicle production.
Stellantis, the struggling group behind the Jeep, Fiat and Peugeot brands, had previously warned of a net tariff impact of up to €1.5bn for the full year.
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