Stellantis To Invest $229M To Retool EV Production Operations

URLhttps://businessfacilities.com/2021/10/stellantis-
SourceBusiness Facilities
Date Published10/11/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Stellantis
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Foreign Direct Investment
Year reshoring announced:2021
Domestically, the work will be done:Both
Capital investment ($):229
Country(ies) from which reshored:Netherlands
City reshored to:Kokomo
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredelectrified eight-speed transmissions
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, Skilled workforce availability/training
Government Incentive dollar amount:$19.55 million
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