Fiat Chrysler Automobiles will invest $1 billion in two existing plants, creating according to the company’s stats around 2,000 new jobs and moreover will expand its sports utility and truck lineup even though their private cars business shrinks.
The decision was made due to the pressure the auto mobile industry was facing from the new elected President-elect Donald Trump to manufacture more vehicles within the border of the U.S. That’s after Last week, Mr. Donald Trump criticized General Motors and Toyota Motor for manufacturing cars in Mexico rather than in inside the border of U.S even though these cars are going be sold in the U.S.
“We continue to reinforce the U.S. as a global manufacturing hub for those vehicles at the heart of the SUV and truck market,” Sergio Marchionne, FCA’s chief executive, said in a statement.
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The automobile creators plan to spend the cash throughout the following three years to retool a plant in Warren, Michigan to deliver two new Jeep SUV models and modernize a production line in Toledo, Ohio to assemble another Jeep mark pickup truck. FCA said the interest in Warren will likewise permit it to move creation of the Smash overwhelming obligation pickups to Warren from Mexico.
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