$1B investment at Warren Truck Assembly to add 2,500 jobs; $2,000 bonuses promised
Fiat Chrysler Automobiles NV will invest $1 billion at its Warren Truck Assembly plant to bring production of its Ram Heavy Duty truck to the U. S. from Mexico. The move will add 2,500 jobs in Metro Detroit.
This follows similar news from just over a year ago, when FCA said part of a $1 billion investment in Michigan and Ohio would go to Warren Assembly produce the all-new Jeep Wagoneer and Grand Wagoneer.
FCA also plans to give its 60,000 hourly and salaried U. S. employees $2,000 bonuses, the company said Thursday in advance of the North American International Auto Show. Fiat Chrysler is expected to unveil an all-new Ram 1500 pickup at the show Monday.
“These announcements reflect our ongoing commitment to our U. S. manufacturing footprint and the dedicated employees who have contributed to FCA’s success,” FCA CEO Sergio Marchionne said in a statement. “It is only proper that our employees share in the savings generated by tax reform and that we openly acknowledge the resulting improvement in the U. S. business environment by investing in our industrial footprint accordingly.”
The company since June 2009 has invested $10 billion in U. S. plants. That includes $1.5 billion to retool Sterling Heights Assembly to build the next generation Ram 1500, $1 billion that would be split between Warren Assembly and the Toledo Assembly Complex, $350 million at the Belvidere Assembly Plant to make the Jeep Cherokee, and $700 million in the Toledo Assembly Complex to produce the next-generation Jeep Wrangler.