Fiat Chrysler plans Michigan investment with 6,500 jobs

Feb 28, 2019 308

EVEN as analysts are forecasting declines in vehicle sales in the United States this year and next, Fiat Chrysler Automobiles believes the time is still ripe for expansion. On Tuesday, the Italian-American carmaker said it planned to spend US$4.5 billion over the next three years to update several Detroit plants and retool an engine plant to make Jeeps, an effort the company said would create about 6,500 new jobs.

But it also took a step back, trimming operations at an Illinois plant and eliminating almost 1,400 jobs. The other big American automakers, General Motors and Ford, have been cutting jobs and production. But Mike Manley, Fiat Chrysler's chief executive, said he was confident that the US economy would remain on track. "The economic indicators as we see them are still strong," he said.

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SOURCE: https://www.businesstimes.com.sg/

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