Fiat Chrysler to invest over $1 billion in Ram Truck plant


Fiat/Chrysler joins a list of almost 200 USA companies which have announced bonuses or pay increases to employees after the passage of the tax bill.

"Most such events known to FCA US reportedly occurred at idle or while starting, turning, or driving at low, steady speeds", the automaker said.

Automakers and auto trade groups have actively lobbied against changes that would force them to restructure what has become a continent-wide network of assembly and component plants.

About 90 percent of the Ram heavy-duty pickups made at Fiat Chrysler's Saltillo plant in Mexico are sold in the USA or Canada, company officials said. Separately, the Euro-American automaker announced plans to pay $2,000 bonuses to 60,000 USA hourly and salaried employees this coming spring.

Bonuses will be paid in the second quarter this year in addition to profit sharing and/or performance bonuses. President Trump showered praises on Twitter saying, "More great news as a result of historical Tax Cuts and Reform". At that time, officials noted that the Warren investment would make it easier to move Ram production to MI in the future if necessary but said no such decision had been made.

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In November 2017, the Center for Auto Safety (CAS) filed a petition calling on the United States government's National Highway Traffic Safety Administration to investigate the issue and order a recall of the 2017 vans in question after over 50 people complained of the stalling problems.

Reportedly, this is the second among the decisions made by an automobile giant to move its vehicle manufacturing plant to the US since the last few days.

The plant in Saltillo, Mexico will be repurposed to produce commercial vehicles for global distribution, FCA announced. That's part of a broader plan that included shifting Jeep Cherokee production from Toledo to Belvidere, Ill.

"I'm just elated at this news", Macomb County Executive Mark Hackel said.

"While the news is positive, the UAW is reviewing the details", Rothenberg said, noting union officials would likely have more to say later.

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The move was hailed by President Donald Trump, who tweeted: "Thank you Chrysler, a very wise decision".

The automaker said that the investment it announced on Thursday is separate from a labor deal of 2015 with the UAW union.

But the Trump administration's threat to walk away from the North American Free Trade Agreement was at least as big a factor, an industry scholar told the Free Press.

Modernizing the MI plant will cost the company $1 billion.

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