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Fiat Chrysler to invest $5.3 billion in U.S. plants

Discussion in 'Cars and Vehicles' started by EF-Roger, Sep 17, 2015.

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  1. EF-Roger

    EF-Roger Entrepreneur

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    Fiat Chrysler Automobiles plans to invest $5.3 billion in U.S. plants over the next four years as it shuffles vehicle production at various U.S. factories and moves the Chrysler 200, Dodge Dart and a Jeep crossover to Mexico as part of its tentative agreement with the UAW.

    The sweeping plan, which came to light Thursday, also moves the Jeep Cherokee out of Toledo and the Ram 1500 out of Warren Truck.

    The U.S. investments would help the UAW secure thousands of jobs and move production of less-profitable vehicles to Mexico where labor costs are lower. But sending production to Mexico runs the risk of alienating the 39,000 FCA workers preparing to vote on a new 4-year agreement forged on Tuesday by UAW President Dennis Williams and FCA CEO Sergio Marchionne.

    Read more Fiat Chrysler to invest $5.3 billion in U.S. plants
     

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