Fiat-Chrysler is investing $4.5 billion to keep up with Americans' insatiable appetite for SUVs

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Fiat-Chrysler is investing $4.5 billion to keep up with Americans' insatiable appetite for SUVs
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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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