Friday, 19 January, 2018

Fiat Chrysler will move Ram production to MI from Mexico

New Ram HD Confirmed For 2020, Will Be Built In The US Fiat Chrysler to invest $1 bn on back of US tax reform
Laurie Berry | 14 January, 2018, 14:56

The news came in a January 11 press release detailing that the investment means the automaker will add 2,500 jobs at the MI plant.

The investment means that the company will relocate the production of the truck from its current production location in Saltillo, Mexico, in 2020, the company states in a press release.

Fiat Chrysler Automobiles NV is investing $1 billion in a MI truck factory and paying worker bonuses in the wake of a US tax cut, gestures that could come in handy amid major policy matters being sorted out in Washington.

Fiat Chrysler Automobiles NV will invest $1 billion at its Warren Truck Assembly plant to bring production of its Ram Heavy Duty truck to the USA from Mexico.

About 90 percent of the Ram heavy-duty pickups made at Fiat Chrysler's Saltillo plant in Mexico are sold in the USA or Canada, company officials said.

The plant - which now makes the the Ram 1500 - has been home in the past to the Dodge Dakota, which was introduced in 1987 and ended production on August 23, 2011.

President Donald Trump praised FCA's announcement via Twitter on Thursday.

What's more, FCA said it would pay a $2000 bonus to 60,000 hourly and salaried employees, which the company said was made possible by a huge corporate tax cut enacted late previous year.

Trump's most recent slur confirms he is a racist
Trump denied in a pair of tweets on Friday that he made the comment , but referred to Haiti as a "very poor and troubled country". Former VP Joe Biden also had choice words about Trump's language, tweeting, "It's not what a president should believe".

The special bonus will be paid to all eligible employees of the FCA automotive and components operations in the US, the OEM added. Mr. Marchionne appended that it is the absolute that that employees split in the savings created by tax bill. The Saltillo plant will eventually be retooled to build a future commercial vehicle - perhaps something van-shaped. Separately, the Euro-American automaker announced plans to pay $2,000 bonuses to 60,000 USA hourly and salaried employees this coming spring.

Vice President Mike Pence, in a tweet, hailed the decision.

Mark Hackel, Macomb County executive, said the Thursday announcement is part of an ongoing narrative.

Fiat Chrysler is recalling more than 160,000 minivans mainly in North America to fix a software problem that can make engines stall.

The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in.

The move underscores a strengthening USA business climate stemming from the tax code overhaul, Fiat Chrysler officials said.

Hackel pointed to investments since 201 that include $2 billion in the GM Tech Center in Warren and Chrysler's previously announced $2 billion investment in the Sterling Heights Assembly Plant as proof.

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