Feb 26, 2019

Fiat Chrysler to invest $4.5bn in US production plants

Fiat Chrysler Automobiles has announced plans to pump $4.5bn into the Michigan vehicle industry which will create 6,500 new jobs. Fiat Chrysler said its investment in Michigan was part of its strategy expand its Jeep SUV and Ram truck brands. Fiat Chrysler said that the new facility will be the first assembly plant to be built in the city of Detroit since 1991 when its Jefferson North site was constructed. As a result of the investment across five of its plants in Michigan, Fiat Chrysler said it would now no longer move production of its Ram Heavy Duty truck from Saltillo, in Mexico, to the US. The company had promised to shift production of the model to its Warren plant, near Detroit, by 2020, a move which had won praise from Mr Trump. The President threatened to "Tariff the hell out of" the European Union as part of trade talks which could see the US lift duties on European car imports from 10% to 25%. The US wants to include agriculture as part of the trade talks, but Brussels has refused.

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