Stellantis to boost EV plants with C$3.6 bln investment

📆 03-05-22 03:10:00
📰 Reuters

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Stellantis N.V. will spend up to C$3.6 billion ($2.8 billion) to boost production of electric vehicles at its Windsor and Brampton, Ontario plantswith government investment, it said on Monday.

A view shows the logo of Stellantis at the entrance of the company's factory in Hordain, France, July 7, 2021. REUTERS/Pascal Rossignolwill spend up to C$3.6 billion to boost production of electric vehicles at its Windsor and Brampton, Ontario plantswith government investment, it said on Monday.

Stellantis Chief Operating Officer Mark Stewart did not say what brands would be affected but said more details would come later. Both plants will add jobs, he said.The company, formerly Fiat Chrysler Automobiles N.V., makes a range of vehicle brands including Alfa Romeo, Chrysler, Dodge, Fiat, Jeep and Ram.

Stellantis said the latest investment will allow it to add more than 650 engineering jobs at its Windsor-based research and development center.

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Stellantis good because Rocket Man Bad.

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