Fiat Chrysler Avoids Trump’s Wrath; Plans To Invest $1 Billion In USA

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US President Elect Donald Trump has been making headlines in the automotive industry, targeting carmakers and warning them of border taxes if they make cars elsewhere and sell them in the US.

Fiat Chrysler Avoids Trump’s Wrath; Plans To Invest $1 Billion In USA

Ford had to cancel a Mexico plat deal, while Chevrolet was threatened with border taxes. Trump even warned Toyota not to build cars in Mexico and sell them in the US.

Fiat Chrysler Avoids Trump’s Wrath; Plans To Invest $1 Billion In USA

The latest carmaker to narrowly escape Donald Trump's criticism is Fiat Chrysler, who has plans to invest $1 billion for two if its plans, one in Michigan and the other in Ohio, as part of the company's next phase of expansion.

Fiat Chrysler Avoids Trump’s Wrath; Plans To Invest $1 Billion In USA

The investment will focus on retooling and modernising the Warren Truck Assembly Plant in Michigan, to build two new models, the Jeep Wagoneer and Grand Wagoneer. The Ohio plant will get ready to build the new Jeep pickup truck.

Fiat Chrysler Avoids Trump’s Wrath; Plans To Invest $1 Billion In USA

Also, the investment that will be made in the US will allow Jeep to build the Ram pickup truck in the company's Warren plant, since the vehicle is currently being made in Mexico.

Fiat Chrysler Avoids Trump’s Wrath; Plans To Invest $1 Billion In USA

The renovation process for the two plans will be done by the year 2020, and the investment of $1 billion will also create around 2000 new jobs in the US.

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Story first published: Monday, January 9, 2017, 13:52 [IST]
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