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

Fiat Chrysler Automobiles will spend $1 billion to upgrade its Warren Truck Assembly Plant in MI to build heavy duty Ram pickups and a full-size Jeep SUV, the automaker announced Thursday.

"Chrysler is moving a massive plant from Mexico to MI, reversing a years long opposite trend", he tweeted Thursday night.

The Italian-American automaker will pay each USA hourly and salaried employee a $2,000 bonus in the second quarter of 2018.

The automaker also announced it will give one-time, $2,000 bonuses to its USA employees.

Fiat/Chrysler says the tax plan will also mean the return of manufacturing jobs to the US from Mexico.

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.

Fiat Chrysler is recalling more than 162,000 of its Pacifica minivans worldwide over a software glitch that could cause the vehicles to stall while driving.

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The Company now has ROA (Return on Assets) of -0.7 percent, Return on Equity (ROE) of -3.2 Percent and Return on Investment (ROI) of 2.2% with Gross margin of 57.8 percent and Operating & Profit margin of 7.7% and -1.8% respectively. The payment 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. Production of the Ram HD lineup will continue through 2019, but starting in 2020 - all heavy duty Ram trucks will be Made in the USA.

Some news reports have lined the decision to move the Ram HD model to MI to pressure from the Trump Administration.

FCA will shift production of trucks from its current plant in Mexico back to a plant near Detroit and will also divvy up bonuses to the company's American workers, in light of the recent tax reform law, The Sun Herald reports.

"Macomb County has become Dodge Ram country", Hackel said.

The county executive said the reason why General Motors, Chrysler and Ford are choosing to invest in Macomb County is the area's "dedicated, reliable and hard-working workforce", in addition to being close to the industry's supply chain. "This is an wonderful statement. (Marchionne) has a big hug coming from me at the auto show next week".

Since June 2009, the company has invested over $10bn in its U.S. manufacturing operations, adding thousands of jobs to the economy in the process. He likewise has slammed automakers for moving jobs and investment in new production facilities to Mexico and prodded them to include more automobile production in the United States.

"Bottom line: more jobs and more investment in our older section of the city", Fouts said in a Facebook post January 11. That's where the $1 billion plant investment comes in, billed as a modernization of the MI facility.

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