Monday, 22 January, 2018

Fiat Chrysler to invest $1B in MI plant

New Ram HD Confirmed For 2020, Will Be Built In The US FCA US Offers Two Live Webcasts From 2018 North American International Auto Show
Preston Stone | 14 January, 2018, 15:45

The creation of 2,500 new jobs will support an expansion at Fiat Chrysler's Warren Truck Assembly Plant in MI.

The company also said it'll give a $2,000 bonus to 60,000 of its US employees.

It is proper that the company's employees are able to share in the tax reform savings and that we acknowledge openly and the improvement in the business environment in the U.S.by investing accordingly in our industrial footprint, said the automaker's CEO Sergio Marchionne through a press release.

During the 2016 presidential campaign then-candidate Donald Trump frequently attacked Ford Motor Co. and other automakers for importing vehicles from Mexico, threatening to enact a "big border tax" once elected. Chrysler is coming back to the US, from Mexico and many others will follow.

The company will relocate the truck's production from its current location in Saltillo, Mexico, to the MI plant in 2020. Tax cut money to employees is pouring into our economy with many more companies announcing.

Brief wintry mix followed by snow could affect metro area traffic Thursday
SUNDAY: Partly to mostly cloudy skies and snow flurries will be possible, with a frigid high temperature of 24 degrees. As we head into the evening and overnight hours, expect to see sleet showers and freezing rain .

FCA's announcement gave the automaker an early leg up on attention from the Detroit auto show. "That's wonderful", Farquhar said, noting that the investment and bonuses tell her the company is doing well.

Miguel Ceballos, FCA spokesman for Mexico, said the company in 2018 and 2019 expects more growth in Mexico, and the moment it stops producing the Ram Heavy Duty pickups it will start to produce the new commercial vehicle, "which still does not have a name", Ceballos said. Fiat Chrysler is programmed to present a new light pickup truck, the Ram 1500, on Monday. That investment is also expected to be completed by 2020. Cambridge Investment Research Advisors Inc. now owns 13,222 shares of the company's stock worth $141,000 after acquiring an additional 430 shares in the last quarter. Detroit's Big Three have invested billions in MI and Macomb County in the last few years, and that's a statement to the strength of the region, he said.

"It's all taking off here in Macomb County", Hackel said. We are basically Ram county now.

The company said it has invested $10 billion in its USA manufacturing operations since June 2009. This has resulted in the change in priorities among the vehicle manufacturers who are now manufacturing more trucks while making a reduction in their auto production, as per sources. Today, FCA has added another billion worth of commitment to the Warren plant, with this newest chunk of cash being used to upfit the factory to build the next generation Ram Heavy Duty lineup.

Recommended

Loving Federer having a ball at 36 Loving Federer having a ball at 36 Federer begins his quest to match Djokovic's six Open wins against Slovenia's world No.49 Aljaz Bedene on Tuesday. Nadal played 78 matches a year ago , which is 21 more than Federer. "All the five-setters, as well", he said.

Loyal Dog Walks 40 Miles to Find Previous Owners Loyal Dog Walks 40 Miles to Find Previous Owners But a few months ago they moved into a home in the town of Seminole, Okla. where they couldn't keep her anymore. So the dog, named Cathleen , went to a home in Prague until the animal shelter could find a new owner.

Reuben Foster arrested in Tuscaloosa Reuben Foster arrested in Tuscaloosa No member of the San Francisco defense had more tackles for loss than Foster, who finished the year with seven. Tuscaloosa County deputies arrested Foster, who as of 10:15 p.m. was still listed as an inmate in the jail.

Below-par Blues held by Leicester Below-par Blues held by Leicester In the other Premier League games on Saturday, Crystal Palace edged past Burnley 1-0, thanks to a first half goal by Bakary Sako. October 2017: After United beat Benfica in the Champions League, Mourinho aimed a jibe at Conte: "I never speak about injuries".

Royal pain: Queen reveals downside of her 65-year reign Royal pain: Queen reveals downside of her 65-year reign A trapdoor used to access the secret area at Windsor Castle, where the Queen spent her war years for safety, still exists today. The royal family's Crown Jewels were hidden in a biscuit tin during the Second World War, a new documentary has revealed.

African nations outraged over 'racist' Trump remarks African nations outraged over 'racist' Trump remarks Several African leaders, ambassadors and different dignitaries have expressed shock and pain following President Trump's comments. Mushikiwabo had accompanied multiple delegates to meet President Paul Kagame at his office in Village Urugwiro.

Haiti wants clarification on Trump's comments, says ambassador Haiti wants clarification on Trump's comments, says ambassador Robert Reich, former Secretary of Labor under President Bill Clinton , compared Mr Trump's comments to Nazism. The White House has not denied the language, nor have the several Republican lawmakers in the meeting.

Chris Matthews apologizes for making 'Cosby pill' joke before Hillary interview Chris Matthews apologizes for making 'Cosby pill' joke before Hillary interview Matthews said that it was a bad comment he made in poor taste when the Cosby case was in the headlines. Matthews has always been known to have a combative relationship with former candidate Clinton.

Baby milk scare deepens in France Baby milk scare deepens in France Some of the retailers concerned have accepted joint responsibility, but it's still not clear how the recall was bungled. A number of supermarkets in France, including Carrefour, have removed the products over fears of contamination.

Knoxville Man Named in The 'Top Ten Most Wanted' List Knoxville Man Named in The 'Top Ten Most Wanted' List A man accused of shooting a Knoxville Police officer Thursday night was captured in Blount County Saturday morning. Members of the gang get tattoos to indicate their rank in the gang, Walker told the station.

Zeman, Drahos Set for Runoff Vote in Czech Presidential Poll Zeman, Drahos Set for Runoff Vote in Czech Presidential Poll Polling stations open at 1300 GMT on Friday and close at 2100 before reopening at 0700 GMT and closing at 1300 on Saturday. Mr Drahos knows he has a good chance of unseating Mr Zeman when the two men go head to head in two weeks' time, he adds.

Iran's Rouhani: Trump 'Failed to Undermine Nuclear Deal' Iran's Rouhani: Trump 'Failed to Undermine Nuclear Deal' With no solution yet forthcoming from Congress Mr Trump on Friday reluctantly extended a waiver on the nuclear-related sanctions. The Iranian nuclear deal was drawn up in 2015 under former President Barack Obama , with Iran, the USA and five other nations.

Girl Scout cookie season kicks off this weekend Girl Scout cookie season kicks off this weekend Cookie customers and the public can ask Girl Scouts for a secret code and enter it online for a chance to win. Girl Scouts of Central Illinois serves more than 17,000 girls and 4,000 adult members in 38 counties.

Saudi Arabia reassuring foreign investors with corruption crackdown Saudi Arabia reassuring foreign investors with corruption crackdown Crown Prince Mohammed bin Salman has been easing restrictions on women in the country since he came into power last June. It prepared for the historic match by tweeting an image featuring a woman's face painted in gold, the club's colour.

'Handmaid's Tale' season 2 photos look bloody terrifying 'Handmaid's Tale' season 2 photos look bloody terrifying I'm not being cagey! "Lizzie is such an incredible partner on this with me". A final picture shows a bloodied Elisabeth Moss .