Stellantis

STLA

Market cap $29.2B

A faulty shifter cable may detach from the transmission, blocking the car from shifting into park and causing rollaway vehicles.

The massive investment will expand domestic production by 50%, including five new vehicle launches, and add more than 5,000 jobs across factories in Illinois, Ohio, Michigan and Indiana.

General Motors, Ford and Stellantis have all issued troubling commentary about their electric vehicle businesses. Prospects for the market have changed due to a number of Trump policies, most recently the killing off of a $7,500 federal tax credit for EVs.

The parent of Jeep and Chrysler will invest the money over the next four years. Transcript: CAROLINE WOODS: Stellantis is going all-in on a U.S. comeback.

Mark Carney says automaker's move to inject $13bn into US is ‘direct consequence' of Donald Trump's tariffs

Senior Canadian politicians are expressing concern at a decision by automaker Stellantis MV to shift production of one model from the industrial province of Ontario to a plant in Illinois.

Stellantis NV (NYSE:STLA, EPA:STLA) announced late Tuesday that it will invest $13 billion to expand its manufacturing capacity in the American market over the next four years, its single largest investment in the US in company history.  The automaker said it expects the investment to create 5,000 new jobs in the US and lead to a 50% increase in annual vehicle production and five new vehicles.

Engine developer Horse Powertrain is working on vehicle projects with Chinese automakers Leapmotor , Chery and Jianghuai Automobile to tap global markets outside China, an executive said on Wednesday.

CNBC's Phil LeBeau and Stellantis CEO Antonio Filosa joins 'Squawk Box' to discuss the company's $13 billion investment in U.S. manufacturing, the frustration from some auto dealers, production outlook, and more.

Stellantis' new $13 billion investment plan in the U.S. marks a key step to countering tariffs imposed by President Donald Trump and to reviving the automakers' sales in its main market, investors and analysts said on Wednesday.