Trump-Boom Continues – Chrysler to Invest $1 Billion into Michigan

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From the Daily Caller News Foundation:

Fiat Chrysler will be investing $1 billion for an assembly plant to produce Ram Heavy Duty Trucks beginning in 2020, the company announced Thursday.

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.

The company said roughly 60,000 hourly and salaried American workers will receive an additional $2,000, according to Reuters.

The new plant will add an additional 2,500 new jobs to the state economy, while Mexican workers will still continue to produce other Fiat Chrysler models at its Mexico factory, according to The Sun Herald.

If President Donald Trump holds to his campaign promise to withdraw the United States from The North American Free Trade Agreement (NAFTA), it could trigger a 25 percent fee on pickup trucks made in Mexico and shipped to America, Reuters reports.

Fiat CEO Sergio Marchionne said news of the investment shows how committed the company is to investing in the United States, in a statement cited by CNBC report.

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