Chrysler Announces U.S. Investment Decision


After seeing President-elect Donald Trump go after Ford, General Motors, and other manufacturers who have taken factories to Mexico, Fiat Chrysler is taking proactive steps on their own.

Bloomberg reported Sunday that Fiat Chrysler has announced plans to invest $1 billion to make improvements in factories in Michigan and Ohio and add 2,000 new jobs.

The factory upgrades are being made to manufacture three new Jeep models in the U.S., as well as to move assembly of their heavy-duty Ram pickup from Saltillo, Mexico to Warren, Michigan.

Chrysler reportedly intends to complete the plant upgrades by 2020.

“The expansion of our Jeep lineup has been and continues to be the key pillar of our strategy,” Chief Executive Officer Sergio Marchionne said in the statement. He also highlighted plans to export the SUVs and trucks. “We will finally have the capacity to successfully penetrate markets other than the U.S. which have historically been denied product due to capacity constraints.”

The company currently has seven facilities in Mexico, where they employ almost 12,000 Mexicans. Bloomberg reported that Chrysler shipped 477,000 vehicles from their Mexico plants in 2015.

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