The new FCA plant could be the first new auto factory built in Detroit in more than two decades. The company said its plan could create 6,500 jobs.
The plan includes 6,500 jobs in Detroit and the surrounding suburbs — as well as the re-opening of a previously idled plant.on Tuesday announced a $4.5 billion investment plan it said would increase its workforce in Detroit and the surrounding suburbs by about 6,500 jobs to build all-new or next-generation SUVs.
The Motor City was once home to about a dozen massive auto production plants, but a rash of closures helped to push Detroit's unemployment rate to a peak of around 25 percent in 1990. Unemployment was down to about 8 percent last fall. Fiat Chrysler said the additional investments are subject to tax incentive packages it's working out with the city and state of Michigan. The automaker would need to acquire property for the project.
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Fiat Chrysler to Invest $4.5 Billion in Manufacturing in Michigan, Create Nearly 6,500 JobsFiat Chrysler Automobiles NV said Tuesday it will spend $4.5 billion to expand factory production in Michigan, including building a new assembly plant in Detroit to produce Jeep sport-utility vehicles.
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FCA to invest $4.5 billion in Michigan plants for new Jeep SUV modelsFiat Chrysler Automobiles NV said on Tuesday it will invest $4.5 billion in five...
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Fiat Chrysler to Invest $4.5 Billion in Manufacturing in Michigan, Create Nearly 6,500 JobsFiat Chrysler Automobiles NV said Tuesday it will spend $4.5 billion to expand factory production in Michigan, including building a new assembly plant in Detroit to produce Jeep sport-utility vehicles.
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FCA to invest $4.5 billion in Michigan plants for new Jeep SUV modelsFiat Chrysler Automobiles NV said on Tuesday it will invest $4.5 billion in five...
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VW to Invest Nearly $2 Billion In Ford Self-Driving Car VentureVolkswagen is planning to invest around $1.7 billion in a self-driving car venture with Ford’s subsidiary Argo as auto makers seek to share the huge costs of developing self-driving cars.
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