Fiat Chrysler to invest over $1 billion in Ram Truck plant
Jan 13 2018
According to a news release, the investment will go toward modernizing the plant at Mound and Nine Mile roads in south Warren to produce the Ram Heavy Duty pickup truck, which is relocating from Mexico to MI in 2020.
The company, in a press release, said the moves were being "made possible in part by the passage of USA tax reform legislation".
Lastly, FCA has announced it will provide 60,000 of its hourly and salary USA employees with a $2,000 bonus. This changeover will be complete in 2020.
The Italian-American automaker will share the spoils of a lower corporate tax rate by sending $2,000 checks to about 60,000 US workers.
"These announcements reflect our ongoing commitment to our United States manufacturing footprint and the dedicated employees who have contributed to FCA's success", the company's chief executive, Sergio Marchionne, said in a statement.
The Warren Truck Assembly Plant now builds the Ram 1500 and it has done so for decades, but half-ton Ram truck production is being shifted over to the Sterling Heights Assembly Plant.
$350 million in the Belvidere Assembly Plant in IL to produce the Jeep Cherokee, which moved from Toledo, OH, in 2017.
"These announcements reflect our ongoing commitment to our USA manufacturing footprint and the dedicated employees who have contributed to FCA's success", said Sergio Marchionne, Chief Executive Officer, FCA. Since 2011, the Company has invested more than $5.7 billion in its US facilities and hired almost 15,000 hourly employees by keeping labor costs competitive. The automaker has retooled the nearby Sterling Heights Assembly Plant to handle the all-new 2019 Ram 1500 light-duty version of its full-size pickup.
$350 million in the Belvidere Assembly Plant (IL) to produce the Jeep Cherokee, which moved from Toledo, Ohio, in 2017. "I can't wait to give him a big hug at the auto show". The recall includes almost 154,000 vehicles in the United States and more than 8,000 others around the world, but the company did not immediately say when the new software would be available.
Its all taking off here in Macomb County, Hackel said.
"While the news is positive, the UAW is reviewing the details", Rothenberg said, noting union officials would likely have more to say later.
In addition, Trump scolded automakers last year for building vehicles in Mexico to little effect - auto imports from Mexico to the USA hit a record level last year.
Trump has threatened to force the rollback of NAFTA, which makes it possible for the free flow of products made in the United States, Canada and Mexico throughout the borders of those nations.
On Wednesday, Toyota Motor Corp and Mazda Motor Corp announced they would build a new $1.6 billion joint venture auto assembly plant in Alabama, drawing praise from Trump.