FCA is relocating production of its next-generation Ram Heavy Duty truck from a production location in Mexico to an assembly plant in MI, a facility that the automaker is investing more than $1 billion in to modernize as well as add 2,500 new jobs.
FCA also plans to use some of the tax savings to give a $2,000 bonus to its roughly 60,000 employees as a monetary thank you.
Those investments and related actions involved production shifts at three plants in Illinois, Ohio and MI to gain capacity for the Jeep Cherokee, Jeep Wrangler and Ram Light Duty truck, and the introduction of three new Jeep models at plants in Ohio and MI.
This latest investment will boost volume at the Warren facility, which will mean creation of 2,500 new jobs; which is above and beyond the January 2017 announced expansion. That plant will be retooled to make future commercial vehicles for global export which takes advantage of Mexico having more trade agreements than the U.S. Most recently, the Company announced investments totaling $3.5 billion, with the addition of 3,700 new jobs, to strengthen its US manufacturing base, and align USA capacity to extend the Jeep and Ram product lines. The special bonus will be paid to all eligible employees of the FCA automotive and components operations in the U.S.
$350 million in the Belvidere Assembly Plant, Belvidere, Ill., to product the Jeep Cherokee, which moved from Toledo, Ohio in 2017. More than 300 new jobs were added to support production.
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.