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Will Stellantis complete its $406 million investment in Michigan facilities by the end of 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official statements from Stellantis or verified financial news sources
Story
Stellantis to Invest Over $406 Million in Michigan for EV, Hybrid Vehicles, Including Ram 1500 REV, Jeep Wagoneer
Sep 11, 2024, 01:22 PM
Stellantis announced a significant investment of over $406 million in three Michigan facilities to support the development of electric and hybrid vehicles. The investment will be directed towards revamping plants to produce models such as the electric Ram 1500 REV and Jeep Wagoneer. Stellantis aims to launch the fully electric Ram 1500 by late 2024. This move is part of the company's broader strategy to enhance its EV, hybrid push and compete with other major players in the EV market. Stellantis said on Wednesday that this investment is crucial for its future growth.
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Similar markets
Yes • 50%
No • 50%
Yes, in the US • 25%
Yes, in Europe • 25%
Yes, in another region • 25%
No closures • 25%
Increase investments significantly • 25%
Increase investments moderately • 25%
No change in investment plans • 25%
Reduce investments • 25%
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No • 50%
Completed as planned • 25%
Partially completed • 25%
Not completed • 25%
No announcement • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Reopening of Belvidere Plant • 25%
Monetary Compensation • 25%
New Investment Plan • 25%
No Resolution • 25%
