Fiat Chrysler to invest $1 billion in MI - adding 2'500 new jobs

The Michigan plant will get a $1 billion cash injection as the company moves production from its Saltillo Mexico plant

The Michigan plant will get a $1 billion cash injection as the company moves production from its Saltillo Mexico plant

When production of the 2020 Ram Heavy Duty lineup begins at Warren Truck Assembly, the company will have added 2,500 new jobs in MI to build the popular pickups.

To support this move, Fiat Chrysler said 2,500 new jobs will be added in MI.

The move comes following a recent tax code overhaul across the United States, with Fiat Chrysler viewing the move as a way of protecting its profits should President Donald Trump pull the USA from the North American Free Trade Agreement (NAFTA) completely.

Some news reports have lined the decision to move the Ram HD model to MI to pressure from the Trump Administration.

President Donald Trump tours the American Center of Mobility, Wednesday, March 15, 2017, in Ypsilanti Township.

If the United States exits NAFTA, it could mean that automakers would pay a 25 percent duty on pickup trucks assembled in Mexico and shipped to the United States. "I know I gave you a hard time, but you have to build them here".

The plant now employs 6,144 hourly employees and 234 salaried workers, according to FCA.

FCA, like Ford and GM, will soon announce profit-sharing bonuses for hourly employees.

Media are invited to view two live webcasts as FCA CEO Sergio Marchionne addresses reporters from around the world at the 2018 North American International Auto Show in Detroit.

According to reports, the automotive major is expected to unleash its new light pickup truck, the Ram 1500, in the next few days.

The investment announcement comes a year after Fiat Chrysler revealed initial plans to invest in Warren for the launch of the new Jeep Wagoneer and Grand Wagoneer. It also engages in the property investment, sourcing, finance, and IT services businesses.

Mark Hackel, Macomb County executive, said the Thursday announcement is part of an ongoing narrative.

Last year, FCA announced that the company would be investing a portion of one billion dollars to prepare the Warren Truck Assembly Plant in MI for the upcoming Jeep Wagoneer and Grand Wagoneer. "This is an wonderful statement". Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sources have cited that since the past few years, the firm has been trying to restructure its vehicle manufacturing operations across the U.S.to create more jeeps and trucks, driven by excessive consumer demand. They support production in the Jeep and Ram lines, and will also help bring three new Jeep models to plants in OH and MI.

$700 million at the Toledo Assembly Complex in OH to retool the North Plant to produce the next generation Jeep Wrangler, creating 700 new jobs.

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