The company also said it'll give a $2,000 bonus to 60,000 of its US employees.
The late Thursday FCA announcement came a day after Toyota and Mazda said they'd join forces in building a $1.6 billion auto factory in Alabama. "Chrysler is moving a massive plant from Mexico to MI, reversing a years long opposite trend", the President tweeted.
The company said the move solidifies the U.S.as a manufacturing hub for Ram vehicles.
60,000 of FCA will also be receiving a one-time $2,000 bonus.
Fiat Chrysler Automobiles will invest $1 billion to modernize its Warren Truck Assembly Plant, adding more than 2,500 new jobs ahead of a planned switch in Ram Heavy Duty truck production to MI from Mexico in 2020. The Company operates under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands.
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.
It is proper that the company's employees are able to share in the tax reform savings and that we acknowledge openly and the improvement in the business environment in the U.S.by investing accordingly in our industrial footprint, said the automaker's CEO Sergio Marchionne through a press release. That investment is also expected to be completed by 2020. Finally, Jefferies Group LLC set a $11.00 price objective on Fiat Chrysler Automobiles N.V. and gave the company a buy rating in a research note on Thursday, January 12th. "This is an wonderful statement".
Most recently, the company announced investments totaling $3.5 billion, with the addition of 3,700 new jobs, to strengthen its United States manufacturing base, and align U.S. capacity to extend the Jeep and Ram product lines.
The Warren Truck Assembly Plant now builds the Ram 1500 and it has done so for decades, but half-ton Ram truck production is being shifted over to the Sterling Heights Assembly Plant. Fiat Chrysler increased Mexican production by about 40% in 2017 compared with 2016, according to WardsAuto.com building 626,000 trucks in Mexico, or 27% of its entire North American production volume.
He said the visit by President Kenyatta would strengthen the bonds among the citizens of the two countries and the ruling parties. President Uhuru Kenyatta jets back into the country today after a successful three-day State visit to South Africa.
New Jersey-based Prudential Fincl has invested 0.01% in Neenah, Inc. (NYSE:NP) to report earnings on February, 21. Financial Advisory Service Inc. raised its stake in shares of Merck & Co., Inc.by 6.8% in the 3rd quarter.
Since August 3, 2017, it had 0 buys, and 5 insider sales for $15.35 million activity. $2.67M worth of Facebook, Inc. Santa Barbara Asset Management Llc increased Honeywell Intl Inc (HON) stake by 0.32% reported in 2017Q3 SEC filing.
Since September, the state's new human trafficking bureau has investigated 23 cases and put 15 traffickers behind bars. Truckers Against Trafficking are vital contributors to the effort to halt the illegal transport of human beings.
Following a prolonged illness, the Jnanpith and Sahitya Akademi awardee breathed her last on July 28, 2016, in Kolkata. The writings of the lady have been translated to different languages so that the people can witness her great work.
Post-merger, IDFC Bank will gain diversity in its customer base, while Capital First will convert to a universal bank. The boards also approved a share swap ratio of 139 shares of IDFC Bank for 10 shares of Capital First.
The Indians pitchers and catchers are scheduled to report to Goodyear, Ariz., for spring training on February 14. The team needs a consistent and healthy season from Chisenhall, who will be a free agent at the end of 2018.
Gibbons contributed $100,000 to Trump-related groups and he served finance co-chair for Trump's OH campaign, said Chris Schrimpf. Renacci had been shooting for the Republican nomination for OH governor, but withdrew from the race to pursue the Senate seat.
Currently Big 5 Sporting (NASDAQ:BGFV)'s shares owned by insiders are 0.7%, whereas shares owned by institutional owners are 0%. Big 5 Sporting Goods Corporation (BGFV ) is an interesting player in the Services space, with a focus on Sporting Goods Stores.
After $0.46 actual EPS reported by TransUnion for the previous quarter, Wall Street now forecasts -2.17% negative EPS growth. With 1.57M avg volume, 4 days are for Fluor Corporation New (NYSE: FLR)'s short sellers to cover FLR's short positions.
The chief diplomat added, "Rather than repeating exhausted rhetoric, USA must bring itself into full compliance -just like Iran". Tehran said that such a move deserves a severe response. "We are cutting off the regime s money flows to terrorists".
It is flat, as 45 investors sold JNJ shares while 871 reduced holdings. only 111 funds opened positions while 645 raised stakes. At the time of the trade, the average share price of Republic Services Inc was $67.6, making the sale worth $135,140 Dollars .
Larson wins, advances to Chili Bowl main event
The Chili Bowl features more than 350 entries racing for one of the 24 openings in Saturday night's feature. Another two-time champion, Rico Abreu of Rutherford in the Napa Valley, finished second.
Automatic Data Processing (NASDAQ:ADP) Short Interest Update
BB&T Securities LLC's holdings in Automatic Data Processing were worth $10,896,000 at the end of the most recent reporting period. Michael Novogratz decreased its stake in Oracle Corp (ORCL) by 31.11% based on its latest 2017Q3 regulatory filing with the SEC.
Government's new cab fare offers nothing much for customer
These rates will continue in other parts of the state while the new fare structure will apply to taxis operating in Bengaluru . Earlier, the department had set a maximum fare of Rs 14.50/km for non-AC hatchbacks and Rs 19.50/km for sedans.
Becton Dickinson & Co (NYSE:BDX) Institutional Investor Sentiment
The stock's 50-day average volume has been 1,321,566 shares, with an average of 75% of medium term indicators pointing toward Buy. Acrospire Investment Management LLC increased its position in shares of Becton Dickinson and by 259.7% during the second quarter.
Japan Current Account Surplus Shrinks To Y1.347 Trillion
Japan had a current account surplus of 1.347 trillion yen in November, the Ministry of Finance said on Friday - down 5.6% on year. The current account balance measures a country's trade and investment with the rest of the world.
Stifel Financial Corp Sells 781 Shares of Baidu Inc (BIDU)
It is positive, as 35 investors sold DNOW shares while 62 reduced holdings. 142 funds opened positions while 524 raised stakes. Aravt Global Llc decreased Restaurant Brands Intl Inc stake by 747,000 shares to 837,000 valued at $53.47 million in 2017Q3.
Deadline approaching for primary school applications
Alternatively, parents can complete a paper application form and that too must be received by Bolton Council by 5pm on January 15. Any Nottinghamshire parent who has not applied for a secondary school place for this September should contact 0300 500 8080.
Djokovic seeded 14th for Australian Open
Thiem, who made the fourth round at the Open previous year , was confident he would be 100 per cent by his first match. The seedings for the season's first major tournament reflected the rankings in the both singles tournaments.
Stock'S Earning Overview TETRA Technologies, Inc. (TTI)
The average Wall Street analyst rating for TETRA Technologies, Inc.is Strong Buy, according to the average of 10 analyst scores. Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services.
CJP hears case on Sunday for the first time
He further remarked that the court would review the affidavit and ensure the public rights are protected. He directed the Sindh IG to submit statement that the roads will not be blocked permanently.