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July 1, 2022

Stellantis announces new investment for US engine plant

Investment plans for the engine plant in Trenton, Michigan, include a new flexible engine line.

By David Leggett

Stellantis has announced plans for the two facilities that comprise its engine complex in Trenton, Michigan, which it says will provide maximum flexibility for the operation.

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The plan includes a $24.7 million investment to retool the south plant to be a flexible engine line, capable of producing the two variations of the 3.6-liter Pentastar V-6 engine. 

Following retooling, the Pentastar production line at the north plant will be decommissioned by the end of 2022 and all 3.6-liter engine production at the complex will be consolidated at the south facility. 

First launched in 2011, the Pentastar engine quickly became the workhorse of the Chrysler, Jeep, Dodge and Ram product lines, streamlining the company’s V-6 engine offerings from seven to one.

Upgraded in 2016, Stellantis says the redesigned V-6 delivers improved fuel economy and performance over the original version of the same engine, which will continue to be produced through 2023.

Production of the Pentastar upgrade in the south plant is expected to begin by the end of Q1 2023.

The company also said the north plant is expected to be repurposed for warehousing and other non-manufacturing opportunities. 

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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