The company has announced a $1 billion investment into its manufacturing operations and a $2,000 bonus for over 60,000 US workers. In January 2017, the company said it would spend $1 billion to expand factories in OH and MI, creating 2,000 jobs total.
The investments will likely be one of the topics Monday when Marchionne is scheduled to speak to reporters at the North American International Auto Show in Detroit. FCA said it does not plan to shutter the Mexico plant but hasn't said what plans it may have for the facility.
"I'm thinking that's really good".
Most recently, the company announced investments totaling $3.5 billion, with the addition of 3,700 new jobs, to strengthen its U.S. manufacturing base, and align United States capacity to extend the Jeep and Ram product lines.
Fiat Chrysler added that it is not planning to shutter its plant in Saltillo, but did not comment on which of its models would be made there after production of the Ram moves to MI.
$350 million in the Belvidere Assembly Plant in IL to produce the Jeep Cherokee, which moved from Toledo, OH, in 2017. The plant in Saltillo will be repurposed to produce future commercial vehicles.
Iranian oil tanker sinks after explosion shoots flames up to 1km high
Black smoke could still be seen billowing from the site of the collision as oil left behind by the tanker continued to burn. All 21 Chinese crew members of the Crystal, which was carrying grain from the United States , have been rescued.
Currently, the Ram is built in Saltillo, Mexico.
President Donald Trump tours the American Center of Mobility, Wednesday, March 15, 2017, in Ypsilanti Township, Mich.
More notable recent Fiat Chrysler Automobiles N.V. (NYSE:FCAU) news were published by: Twst.com which released: "Fiat Chrysler Automobiles NV: November 2017 Fiat Chrysler Automobiles Sales in ..." on December 14, 2017, also Usatoday.com with their article: "For Fiat brand, a disastrous end to a hard year" published on January 08, 2018, Seekingalpha.com published: "Fiat Chrysler: Undervalued And Improving" on December 29, 2017.
The Trump Effect continues its strong momentum, so goes January, so goes the year.
Thursday's announcement was the second major auto factory news in as many days.
This investment is on top of the $1 billion the OEM committed to invest in the Warren factory past year to accommodate its Jeep product line, which included building its all-new Jeep Wagoneer and Grand Wagoneer.