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Automaker Stellantis planning $10 billion in US investments, Bloomberg News reports
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(This story has been refiled to change the incorrect text and pictures)(Reuters) - French-Italian-American automaker Stellantis is planning to invest about $10 billion in the United States, Bloomberg News reported on Saturday, citing people familiar with the situation.
Stellantis may announce in the coming weeks about $5 billion in fresh investment on top of a similar amount earmarked earlier in the year, the report said.
The report added that the investments over several years could be funneled into plants — including reopenings, hiring, and new vehicle models — in states such as Illinois and Michigan.
This process is ongoing," a Stellantis spokesperson said in a statement to Reuters.
($1 = 0.8517 euro)(Reporting by Rishabh Jaiswal in Bengaluru and Gilles Guillaume in Paris; Editing by Rod Nickel and Matthew Lewis)