Steel Markets
January 10, 2017
FCA US Plans $1 Billion Investment in Michigan and Ohio
Written by Sandy Williams
Another major automaker says it will invest in U.S. facilities and add jobs to the industry. Fiat Chrysler Automobiles US said on Sunday that it will invest $1 billion at plants in Michigan and Ohio to produce new Jeep vehicles in a plan that was originated long before the presidential election.
The investment is the final phase of FCA’s industrialization plan to full utilize available capacity in response to market demand for SUVs and will expand the Jeep and Ram brands. It is also a significant part of the contract FCA negotiated with the UAW in 2015.
