Fiat Chrysler Automobiles (FCA)
is to spend 4.5 billion dollars to build a new plant in Detroit
and boost the output of five existing plants creating almost
6,500 jobs, the Italo-American carmaker said Tuesday.
The investments will boost the growth of the Jeep and Ram
marques and the electrification of Jeep vehicles, it said.
The amount of investments made by FCA in the US since 2009
this rises to almost 14.5 billion dollars with the creation of
almost 30,000 jobs.
"Three years ago, FCA set a course to grow our profitability
based on the strength of the Jeep and Ram brands by realigning
our U.S. manufacturing operations," said Mike Manley, FCA's
Chief Executive Officer.
"Today's announcement represents the next step in that
strategy. It allows Jeep to enter two white space segments that
offer significant margin opportunities and will enable new
electrified Jeep products, including at least four plug-in
hybrid vehicles and the flexibility to produce fully battery
electric vehicles."
The city of Detroit has 60 days to meet the terms of a
Memorandum of Understanding, which requires the
acquisition of property critical to the execution of the Mack
project.
The additional investments are subject to the successful
negotiation and final approval of development packages with the
state and other local governments.
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