Stellantis plans to manufacture more vehicles in Mexico

Thursday, 17 October 2024 10:07:23 (GMT+3)   |   San Diego

The multinational car company Stellantis has invested in the expansion of one of its production centers in Mexico, two industrial warehouses of almost half a kilometer in the northern city of Saltillo, in the state of Coahuila, where it could produce Ram 1500 pickup trucks, reported the Wall Street Journal (WSJ).

Stellantis is the multinational car manufacturer formed by the merger of Fiat Chrysler Automobiles and the French group PSA.

The company is taking steps to manufacture its best-selling pickup truck in the United States, in Mexico. This could generate more friction with the workers' union (UAW).

Stellantis in Mexico is the third largest producer of vehicles, with a market share of 10.8 percent of the more than 3.0 million units manufactured between January and September. It is surpassed only by Nissan with 16.7 percent and by the leader General Motors with 21.9 percent.

In vehicle exports from Mexico, Stellantis is the fourth largest with a market share of 10.4 percent. It is surpassed by Ford Motor which contributed 11.5 percent, Nissan with 13.1 percent and General Motors which exported 23.5 percent of the 2.59 million units in the first nine months of the year.


Similar articles

Toyota to invest $1 billion in US plants to expand capacity, increase EV output

26 Mar | Steel News

Toyota plans major investment to expand US hybrid production

24 Nov | Steel News

Stellantis announces $13 billion US investment plan for next four years

17 Oct | Steel News

Stellantis eyes $10 billion investment in US

08 Oct | Steel News

UK $6 billion trade deal with Trump includes removal of steel, aluminum tariffs, reduced auto tariffs

08 May | Steel News

Nippon Steel to drop purchase attempt for US Steel in favor of investment, Trump says in meeting with Japanese leader

07 Feb | Steel News

Mexican government to invest public resources to manufacture electric vehicles

07 Jan | Steel News

French companies to invest $3.3 billion in automotive and green hydrogen in Mexico

21 Oct | Steel News

55 auto parts companies await US election to invest up to $3.5 billion in Mexico

24 Sep | Steel News

Voestalpine to meet demand from truck manufacturers with new investment in US

20 Aug | Steel News