Stellantis to Refocus on Ram, Jeep in $70 Billion Turnaround Push

To help cut costs and simplify production, Stellantis plans to launch a new ‘STLA One’ vehicle platform in 2027.

The Stellantis sign is seen outside the Chrysler Technology Center in Auburn Hills, Mich., on Jan. 19, 2021. Carlos Osorio/AP Photo

Stellantis has unveiled a five-year strategic plan aimed at reversing a backslide after the global automaker posted a massive loss last year.

The company announced Thursday that it plans to invest 60 billion euros (about $69.7 billion) across its operations. The plan includes 36 billion euros (about $41.7 billion) for its broad portfolio of automotive brands, with 60 percent of that brand investment earmarked for North America.