Fiat, a worldwide automotive brand, is designating $1 billion for new Jeep and Dodge Ram models, which is expected to bring in 2,000 jobs to Michigan and Ohio.
As President-Elect Donald Trump plans to stiffen border tariffs and incentivize USA manufacturing, car companies are starting to look at investing in America.
The Italian-American automaker confirmed the Jeep brand will add the Wagoneer and Grand Wagoneer sport utility vehicles and a truck model to its lineup. After improvements to a plant in Warren, Michigan, the site will be able to assemble heavy-duty Ram pickups now made in Saltillo, Mexico.
Fiat Chrysler is circulating the plans before any potential criticism of the company by Trump, who last week threatened General Motors Co. with import taxes for importing a version of its Chevrolet Cruze from Mexico. Ford Motor Co. last week canceled a $1.6 billion factory in the country and said it’ll invest $700 million into a Michigan plant.
“The expansion of our Jeep lineup has been and continues to be the key pillar of our strategy,” Chief Executive Officer Sergio Marchionne said in the statement. He also highlighted plans to export the SUVs and trucks. “We will finally have the capacity to successfully penetrate markets other than the U.S. which have historically been denied product due to capacity constraints.”
This is another huge victory for America’s middle class families — security and prosperity is coming to them.
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