Thee Chrysler CEO Sergio Marchionne with 1.4-liter, 16-valve engine built at Dundee.
Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA), the mega merger of FCA and Peugeot, said today that it will invest $99 million in three North American plants for production of a new four-cylinder turbocharged engine. Affected are the Dundee Engine Complex in Michigan, the Kokomo Casting Plant in Indiana and the Etobicoke Casting Plant in Toronto. This fulfills one of the covenants of the successful taxpayer-financed bailout of FCA.