Sub Markets

Property Sectors

Topics

Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Chicago & Midwest  + Illinois  + Industrial  | 

Stellantis to Reopen Illinois Plant for Jeep Production

Global automaker Stellantis announced plans to invest $13 billion over the next four years to grow its business in the United States market and to increase its domestic manufacturing footprint.

The investment will support the introduction of five new vehicles across the brand portfolio and the addition of more than 5,000 jobs at plants in Illinois, Ohio, Michigan and Indiana. Stellantis plans to invest more than $600 million to reopen its shuttered Belvidere Assembly Plant in Illinois to expand production.

The Belvidere facility is expected to add roughly 3,300 jobs and begin producing the first vehicles in 2027. Stellantis closed the Illinois factory in February 2023 as part of a cost-cutting move. In Ohio, the automaker plans to invest $400 million in its Toledo Assembly Complex, and in Michigan, Stellantis is investing $100 million to retool its Warren Truck Assembly Plant.

Connect

Inside The Story

Stellanis

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

New call-to-action
New call-to-action