LANSING, MI – Stellantis is investing $99 million in three North American vegetation to provide a brand new four-cylinder turbo engine for its hybrid electrical autos.
Michigan shall be getting the majority of the funding.
About $83 million will go towards retooling the FCA Dundee Engine Advanced in southeast Michigan. The remaining $16 million shall be invested on the Kokomo Casting Plant in Indiana and the Etobicoke Casting Plant in Toronto.
The Monday, Aug. 2 announcement got here after Michigan misplaced out on a $2.5 billion funding from Stellantis, Chrysler’s mother or father firm. The automaker obtained a $186.5 million incentive to construct an electrical car battery manufacturing unit in Indiana.
Associated: Michigan loses Stellantis project to Indiana. The state must “raise the level of our game.”
“Right this moment’s $83 million funding from Stellantis on the Dundee Engine Advanced is a win for our auto staff and can assist us safe the way forward for hybrid and electrical car manufacturing proper right here in Michigan,” Gov. Gretchen Whitmer stated in an announcement.
The brand new turbocharged engine will energy two future Stellantis hybrid electrical car fashions. Will probably be the primary hybrid electrical engine for the corporate in North America.
Manufacturing is anticipated to start in early 2025, in keeping with Stellantis.
The 1.3-million-square-foot Michigan plant will proceed manufacturing of engine elements for Jeep Grand Cherokee fashions till the primary quarter of 2023.
Whitmer celebrated the Stellantis funding by highlighting different latest electrical car tasks in Michigan.
Ford is investing $2 billion in plants across Michigan to help electrical car manufacturing. General Motors plans to invest $7 billion, supported by $824.1 million in state incentives, to transform an Orion Township meeting plant and construct a battery cell plant in Lansing. And Gentex final week introduced a $300 million investment in a Zeeland auto electronics plant.
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Ford unveils electric F-150 pick-up designed for police
Ford announces $160M investment into Ypsilanti Township’s Rawsonville Plant
General Motors gets $2.5B federal loan to build EV battery plants
