The company will also give $2,000 bonuses to approximately 60,000 FCA hourly and salaried employees in the USA, excluding senior leadership, in the second quarter of the year.
A Chrysler Warren Truck Assembly sign is seen in front of the Fiat Chrysler Automobiles (FCA) plant in Warren, Michigan October 7, 2015.
First, the Company confirmed that it will invest more than $1 billion to modernize the Warren Truck Assembly Plant (Michigan) to produce the next-generation Ram Heavy Duty truck, which will relocate from its current production location in Saltillo, Mexico, in 2020. Canadian government officials earlier this week said they are convinced that Trump intends to announce his intention to quit the agreement.
The company also noted that it has invested some $10 billion in its US manufacturing operations since June 2009, with some $3.5 billion alone focused on Jeep and Ram Truck production realignment that included the addition of 3,700 new jobs.More news: England call up Liam Livingstone for two-Test tour to New Zealand
Fiat Chrysler announced a year ago that it would invest in its Warren, Michigan, factory to produce the Jeep Wagoneer and Grand Wagoneer SUVs and that the plant would be able to make the bigger Ram trucks.
The Italian-American automaker will pay each USA hourly and salaried employee a $2,000 bonus in the second quarter of 2018.
The bonuses would go to 60,000 of its US employees.
The company will also create 2,500 new jobs at the plant.More news: Canada Preparing For US To Pull Out Of NAFTA Trade Deal
Miguel Ceballos, FCA spokesman for Mexico, said the company in 2018 and 2019 expects more growth in Mexico, and the moment it stops producing the Ram Heavy Duty pickups it will start to produce the new commercial vehicle, "which still does not have a name", Ceballos said.
The company said that the actions were possible partially because of the passage of tax reform. He says employees should also share in the tax savings.
Fiat Chrysler said its plant investments remain contingent on the final approval of state and local incentives. That's where the $1 billion plant investment comes in, billed as a modernization of the MI facility.More news: The Russo Brothers Reveal 'Avengers 4' Has Wrapped Filming
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