MI made great again with $1 BILLION Chrysler Investment
MI made great again with $1 BILLION Chrysler Investment
Why the President just said Michigan voters are 'very happy they voted for Trump/Pence'
12 January, 2018, 15:46
On the eve of the North America International Auto Show, FCA US LLC (Auburn Hills, MI), which includes the former Chrysler Corp., made a huge splash by announcing a $1 billion Michigan plant investment and moving a product line from Mexico to Michigan. That truck is now made in Saltillo, Mexico, where workers will continue to make commercial vehicles.
FCA says the Warren plant will add 2,500 new jobs.
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.
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.
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. The company says the recent tax reform plan allows it to make that investment and to pay all 60,000 hourly and salaried workers a $2,000 bonus. The bonus will be paid to all eligible employees of the FCA automotive and components operations.
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Fiat/Chrysler says the tax plan will also mean the return of manufacturing jobs to the US from Mexico.
Once up and running in 2020, the facility will become the company's regional epicentre for the production of its Ram heavy duty pickup trucks.
The company said the investment announced Thursday is separate from a 2015 labor deal with the United Auto Workers union. In the process, it will add 2,500 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. "It is only proper that our employees share in the savings generated by tax reform and that we openly acknowledge the resulting improvement in the USA business environment by investing in our industrial footprint accordingly". The current Ram heavy duties are built at the Saltillo Truck Assembly Plant in Mexico.
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