Fiat Chrysler said Sunday it would spend $1 billion on U.S. manufacturing, including modernizing plants in Michigan and Ohio, in a move that’s set to add 2,000 new jobs, Reuters reported.
According to the company’s plan, the plant in Warren, Michigan will be made capable of producing a pickup truck currently built in Mexico.
The Warren plant will make the new Jeep Wagoneer and Grand Wagoneer large SUVs. A plant in Toledo, Ohio also will get new equipment to make a new Jeep pickup.
The move by Fiat Chrysler follows a similar recent announcement made by a competing auto brand.
On Tuesday, Ford said it would cancel a $1.6 billion plant planned for Mexico and instead invest $700 million in a Michigan assembly plant. Though CEO Mark Fields said the decision would have gone ahead whether or not Donald Trump was elected president, Fields also said Trump's "pro-growth policies" gave the company's executives confidence.
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11 comments:
It is great news and shows what can be done by a strong president. My only concern is that while these companies have agreed to keep these jobs here in American, none have said anything about increases to costs of production and how much of those costs will be passed on to the consumer.
Unless there's some sort of govt subsidy, ALL of the costs will be passed to consumers.
3:08 - BINGO!!!!!!!! At the end of the day, business IS business
Does that mean 2,000 new union jobs making $50/hr or so in MI and OH while the rest of us pay more for the vehicles that are made in the USA? Maybe millions of people would be better off paying less for foreign built vehicles rather than just 2,000 making bank.
Has noting to do with Trump 2:13. Has been planned and was decided in 2015.
Never ever buy new...always buy used. Why? no, answer is WHY NOT!
Its called free market purchase what you like. Jobs are a good thing my liberal friend.
Cost of Everything will be going up
when made in America---It has to .
The more people that work----the more
taxes are paid in to the Government.
The Rich get richer , the poor get
poorer.
And that's how it goes.
This had nothing to do with Trump. This was decided in 2015.
925 give it up. These people do not operate on facts and data. Its all a fantasy land here.
1.6 billion for mexican plant. 700 million for Michigan. What's wrong with this picture?
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