Fiat Chrysler to invest $1 bln in MI plant, add 2500 jobs

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It emphasized that 2,500 jobs will be created, beyond ones announced last January. The truck is now made in Saltillo, Mexico. More than 2,000 new jobs will be added at these two plants to support production.

This investment is on top of the $1 billion the OEM committed to invest in the Warren factory previous year to accommodate its Jeep product line, which included building its all-new Jeep Wagoneer and Grand Wagoneer.

Fiat Chrysler Automobiles (FCAU) said late Thursday it will distribute special bonuses to USA employees and add 2,500 new jobs as a result of the tax reform bill signed by President Donald Trump.

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$1 billion in the south plant of the Toledo Assembly Complex to prepare the facility to produce an all-new Jeep truck, and in the Warren Truck Assembly Plant to modernize the plant to build the all-new Jeep Wagoneer and Grand Wagoneer. Trump reiterated a threat to pull out of the trade accord on Thursday, a day after Canadian officials said they viewed the odds of withdrawal as rising. Most recently, the Company announced investments totaling $3.5 billion, with the addition of 3,700 new jobs, to strengthen its US manufacturing base, and align USA capacity to extend the Jeep and Ram product lines. FCA said it will move production of heavy-duty Ram trucks to Warren, MI, from Saltillo, Mexico, in 2020.

In addition, the firm also revealed that it would pay 60,000 of its US-based employees bonuses of $2,000 each, totalling $120mn in expenses.

"These announcements reflect our ongoing commitment to our USA manufacturing footprint and the dedicated employees who have contributed to FCA's success", Fiat Chrysler CEO Sergio Marchionne said in a news release.

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The company said the investment announced Thursday is separate from a 2015 labor deal with the United Auto Workers union.

On Wednesday, Toyota Motor Corp and Mazda Motor Corp announced they would build a new $1.6 billion joint venture auto assembly plant in Alabama, drawing praise from Trump. He says employees should also share in the tax savings.

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