Saturday, 20 January, 2018

FCA to put 1 bn into MI plant

Fiat Chrysler Automobiles Sees Unusually Large Options Volume (NYSE:FCAU) FCA to put 1 bn into MI plant
Conrad Doyle | 14 January, 2018, 14:06

Mike Manley, head of the Jeep and Ram brands for Fiat Chrysler Automobiles, says a new Wrangler and Ram 1500 and refreshed Cherokee will make for a good year.

It has been claimed that the tax bill signed into law by the US president in December 2017 has made it possible for the firm to perform two tasks - firstly, offering incentives to its employees, and secondly, focusing on job creation across the region.

President Donald Trump has just posted on Twitter that "the voters in MI are very happy they voted for Trump/Pence". It provides passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand. The voters in MI are very happy they voted for Trump/Pence.

The company said the problem involves software in control modules that, "under a rare set of conditions", could shut down the engine. Companies are coming back to the USA in a very big way. During his campaign and shortly after winning the election, the president routinely singled out Ford Motor Co. and other companies in the global auto industry for maintaining or moving production to plants in Mexico.

President Donald Trump tours the American Center of Mobility, Wednesday, March 15, 2017, in Ypsilanti Township. They would just like to know what's tomorrow. The payment, which recognizes employees for their continued commitment to the company's success, will be made in the second quarter of this year, and will be in addition to any profit sharing and salaried performance bonuses that employees would otherwise be eligible to receive in 2018.

Warren Truck now builds the latest Ram 1500 pickup, although production of next year's truck will move to Sterling Heights Assembly Plant, which is also in MI. More interesting news about Fiat Chrysler Automobiles N.V. (NYSE:FCAU) were released by: Bloomberg.com and their article: "Fiat Chrysler Recalls 1.48 Million US Pickups" published on December 22, 2017 as well as Usatoday.com's news article titled: "For Fiat brand, a disastrous end to a hard year" with publication date: January 08, 2018.

The investment announcement comes a year after Fiat Chrysler revealed initial plans to invest in Warren for the launch of the new Jeep Wagoneer and Grand Wagoneer. That investment is also expected to be completed by 2020.

In an announcement January 11, the automaker said the investment will solidify the U.S.

"It's all taking off here in Macomb County", Hackel said. "This is an incredible statement. (Marchionne) has a big hug coming from me at the auto show next week".

FCA has been retooling some USA factories to boost output of SUVs and trucks while ending production of some sedans to boost profitability in North America, its biggest market.

FCA noted that the plant investment actions announced this week - the $1 billion for Warren Assembly - are subject to negotiation and final approval of incentives by state and local entities. In the process, it will add 2,500 jobs. This created more than 300 new jobs.

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