As we announced a year ago, FCA released a pretty big plan to invest a lot of money into their U.S operations. Over the course of 2017, they moved forward with the various steps of the growth. FCA has now just announced an additional investment in its U.S. manufacturing operations and a special payment to recognize employees for their continued efforts toward the success of the company. According to a press release by FCA, these are made possible in part by the passage of U.S. tax reform legislation late last year.
The company has announced that it will invest more than $1 billion into its Warren Truck Assembly Plant in Michigan; modernizing it to produce the next-generation of Ram Heavy Duty truck in 2020. For those that don’t know, Ram’s Heavy Duty trucks are currently produced in Saltillo, Mexico. This investment is in addition to the announcement made last year that will see the Warren Truck Assembly plant expand to be able to build the all-new Jeep Wagoneer and Grand Wagoneer that will be released at some point in the near future. Rather than closing the Saltillo Truck Assembly Plant in Mexico, it will be repurposed to produce future commercial vehicles for global distribution.
With the expansion of the Warren facility, 2,500 new jobs will be created in the Michigan labour market. This is fantastic news for those hoping to get a job with FCA. On top of the addition of these new jobs, FCA is further proving their commitment to their employees by offering a special bonus payment of $2,000 to approximately 60,000 FCA hourly and salaried employees in the U.S! For those that are quick to judge, these bonuses will not include senior leadership! These bonuses are meant to recognize and thank employees for their continued commitment to the company’s success.
“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.”