Stellantis Is Said to Plan $10 Billion in US Investments

Stellantis NV is planning to invest about $10 billion in the US as the troubled maker of Jeep sport utility vehicles and Ram pickups refocuses on the market that’s pivotal to its profits, according to people familiar with the situation.

The carmaker may announce in the coming weeks about $5 billion in fresh money on top of a similar amount earmarked earlier in the year, said the people, who asked not to be identified discussing private information. The investments over several years could be funneled into plants — for re-openings, hiring and new models — in states including Illinois and Michigan, the people said.