Published: Fri, January 12, 2018
Finance | By Loren Pratt

Fiat Chrysler to invest $1 bln in MI plant, add 2500 jobs

"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, FCA's CEO, in a statement.

A Chrysler Warren Truck Assembly sign is seen in front of the Fiat Chrysler Automobiles (FCA) plant in Warren, Michigan October 7, 2015. The truck is now made in Saltillo, Mexico.

Fiat Chrysler announced a year ago that it would invest in its Warren, Michigan, factory to produce the Jeep Wagoneer and Grand Wagoneer SUVs and that the plant would be able to make the bigger Ram trucks.

The move also comes amid continued negotiations over North American Free Trade Agreement negotiations.

As a result, the firm's Mexico plant, where the production of such vehicles now occurs, will be repurposed, instead being used to develop and produce future Fiat Chrysler commercial vehicles for global sale.

Negotiators for the United States, Mexico and Canada are scheduled to meet later this month for another round of talks on revising NAFTA.

The investment announced on Thursday is additional, the company said.

$1.5 billion in the Sterling Heights Assembly Plant (Michigan) to build the next generation Ram 1500 truck. He also has criticized automakers for moving jobs and investment in new manufacturing facilities to Mexico and prodded them to add more auto production in the United States.

Vice President Mike Pence praised Fiat Chrysler's announcement.

Fiat/Chrysler says the tax plan will also mean the return of manufacturing jobs to the USA from Mexico. "Great announcement. Proof that this admin's AMERICA FIRST policies are WORKING!" The new law, which cuts the corporate tax rate to 21%, eliminates loopholes, and doubles the standard deduction for individuals and families, was supported by Rep. Adam Kinzinger (R-IL 16) but opposed by Rep. Cheri Bustos (D-IL 17), and Sen.

Fiat Chrysler has been producing heavy-duty Ram pickups in Saltillo, Mexico.

Also, the company said that it will make a bonus payment of $2,000 to approximately 60,000 FCA hourly and salaried employees in the US, excluding senior leadership.

The special bonus will be paid to all eligible employees of FCA's automotive and components operations in the U.S.

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