Finance
Stellantis to build $388 million spare parts plant in Detroit
Stellantis to build $388 million spare parts plant in Detroit
Published by Global Banking and Finance Review
Posted on May 21, 2025
Published by Global Banking and Finance Review
Posted on May 21, 2025
(Reuters) - Stellantis will invest $388 million to build a new hub in the U.S. city of Detroit for its Mopar components operations, the Franco-Italian group said on Wednesday.
The hub is set to launch in 2027 in Van Buren Township, Michigan, and will support about 488 union-represented jobs, Stellantis said in a statement.
(Reporting by Alessandro Parodi in Gdansk; Editing by David Goodman)
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