Automaker Stellantis planning $10 billion in US investments, Bloomberg News reports

(Reuters) -European automaker Stellantis is planning to invest about $10 billion in the United States, Bloomberg News reported on Saturday, citing people familiar with the situation. Stellantis may announce in the coming weeks about $5 billion in fresh investment on top of a similar amount earmarked earlier in the year, the report said. The report added that the investments over several years could be funneled into plants — including reopenings, hiring, and new vehicle models — in states such as Illinois and Michigan. Reuters could not immediately verify the report. (Reporting by Rishabh Jaiswal in BengaluruEditing by Rod Nickel)

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