Fiat Chrysler to Invest $1 Billion in Michigan, Add 2,500 Jobs and Pay $2,000 Bonus to U.S. Employees

Fiat Chrysler Automobiles (FCA) announced on Thursday two actions made possible in part by the passage of U.S. tax reform legislation late last year – an additional investment in its U.S. manufacturing operations and a special payment to recognize employees for their continued efforts towards the success of the Company.

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. This investment is in addition to the announcement made in January 2017 which committed to spending a portion of $1 billion in Warren Truck Assembly to expand the Jeep® product line with the addition of the all-new Jeep Wagoneer and Grand Wagoneer.

To support the increased volume at the Warren facility, 2,500 new jobs will be created, above and beyond the jobs announced as part of the January 2017 announcement.

Second, the Company confirmed that it will make a special bonus payment of $2,000 to approximately 60,000 FCA hourly and salaried employees in the U.S., excluding senior leadership. The payment, which recognizes employees for their continued commitment to the Company’s success, will be made in the second quarter of this year, and will be in addition to any profit sharing and salaried performance bonuses that employees would otherwise be eligible to receive in 2018.
The special bonus will be paid to all eligible employees of the FCA automotive and components operations in the U.S.”These announcements reflect our ongoing commitment to our U.S. manufacturing footprint and the dedicated employees who have contributed to FCA’s success,” said Sergio Marchionne, Chief Executive Officer, FCA.
“It is only proper that our employees share in the savings generated by tax reform and that we openly acknowledge the resulting improvement in the U.S. business environment by investing in our industrial footprint accordingly.”
  • Investment will modernize Warren Truck Assembly to produce Ram Heavy Duty
  • Ram Heavy Duty truck production will relocate from Mexico to Michigan in 2020
  • Plant will add 2,500 new U.S. jobs to support production of heavy duty truck
  • Approximately 60,000 FCA employees in the U.S. will receive special bonus payment
  • Total U.S. investment grows to more than $10 billion since 2009, with over 25,000 jobs created to date
  • Production move solidifies U.S. as the global manufacturing hub for Ram products

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Cover photo: https://www.youtube.com/watch?v=yYf_80lM9qk

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