"These announcements reflect our ongoing commitment to our USA manufacturing footprint and the dedicated employees who have contributed to FCA's success", Fiat Chrysler CEO Sergio Marchionne said in a news release. The automaker also reiterated that it would gift $2,000 bonuses to each and every 60,000 hourly and salaried employees in the United States.
The economic "nightmare" predicted by left-wing lawmakers such as Nancy Pelosi and Chuck Schumer continued this week, with more and more major American corporations announcing increased wages and big bonuses following the GOP-led tax cuts.
The Saltillo plant will shift to building commercial vehicles, FCA said in the announcement.
Production of the next-generation Ram heavy duty pickup will move from Saltillo, Mexico, to Warren in 2020.
Reportedly, this is the second among the decisions made by an automobile giant to move its vehicle manufacturing plant to the USA since the last few days.
These announcements reflect our ongoing commitment to the USA manufacturing footprint and the dedicated employees who have contributed to FCAs success, Marchionne said in the release.
It's anticipated that FCA will announce a new Ram 1500 pickup truck on Monday at the Detroit Auto Show.
The company said it has invested $10 billion in its US manufacturing operations since June 2009.
$350 million in the Belvidere Assembly Plant (IL) to produce the Jeep Cherokee, which moved from Toledo, Ohio, in 2017. He also has criticized automakers for moving jobs and investment in new manufacturing facilities to Mexico and prodded them to add more auto production in the United States.
"This is unbelievable", Hackel said.
Brian Rothenberg, a spokesman for the UAW, offered cautious praise, explaining that the union had just been made aware of the announcement. More than 700 new jobs will be added to support production.
President Donald Trump issued two tweets on Thursday approving of the FCA news. The passage of USA tax reform legislation late previous year has also prompted the action. As president, Trump has since backed away from that threat though his administration has been demanding significant revisions to the North American Free Trade Agreement and threatening to kill the pact if it doesn't get what it wants.
Fiat Chrysler Automobiles N.V. (NYSE:FCAU) tinted gains of +7.19% (+1.57 points) to US$23.42.