Fiat/Chrysler is the latest company to offer bonuses to employees in the wake of the passage of President Trump's and Republicans' tax cut law, and they're big ones. A portion of the separate $1 billion investment, announced past year, will be used to expand FCA's Jeep product line and prepare the Warren plant, on Mound Road south of Nine Mile Road, to build the Jeep Wagoneer and Grand Wagoneer.
Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, makes, distributes, and sells vehicles, components, and production systems. "Thank you Chrysler, a very wise decision". "Plenty of more to follow!" Jeep will build a new Wagoneer and Grand Wagoneer SUV at the same facility, the first time the automaker has announced production plans for its upcoming SUV lineup.
FCA has been retooling some USA factories to boost output of SUVs and trucks while ending production of some sedans to boost profitability in North America, its biggest market. Fiat Chrysler Automobiles NV said yesterday it was recalling more than 162,000 2017 Chrysler Pacifica minivans because a software glitch may cause the vehicles to stall.
President Donald Trump tours the American Center of Mobility, Wednesday, March 15, 2017, in Ypsilanti Township. "That's wonderful", Farquhar said, noting that the investment and bonuses tell her the company is doing well.
$1.5 billion in the Sterling Heights Assembly Plant in MI to build the next generation Ram 1500 truck.
The announcement, just ahead of opening week of this year's North American International Auto Show in Detroit, isn't totally unexpected.
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The company said it would spend the money to modernize the Warren Truck Assembly Plant in MI to produce its Ram Heavy Duty trucks. That investment is also expected to be completed by 2020.
In an announcement January 11, the automaker said the investment will solidify the U.S.
Fiat Chrysler had said last January it planned to spend $1 billion to expand factories in OH and MI.
"This is unbelievable", Hackel said. We are basically Ram county now.
The stock jumped more than 20 percent last week on a bullish outlook for the auto sector and media speculation that Chief Executive Sergio Marchionne's final year at the helm could prompt strategic deals such as spin-offs, technology alliances and disposals.
The company since June 2009 has invested $10 billion in US plants.