New Ram HD Confirmed For 2020, Will Be Built In The US

New Ram HD Confirmed For 2020, Will Be Built In The US

New Ram HD Confirmed For 2020, Will Be Built In The US

"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 United States business environment by investing in our industrial footprint accordingly", said CEO Sergio Marchionne.

But economic analysts note that the 2,500 jobs Fiat Chrysler plans to create at the Warren Truck Plant lags the auto manufacturing jobs lost in 2017.

Reportedly, this is the second among the decisions made by an automobile giant to move its vehicle manufacturing plant to the US since the last few days.

Fiat/Chrysler joins a list of almost 200 USA companies which have announced bonuses or pay increases to employees after the passage of the tax bill.

During the 2016 presidential campaign then-candidate Donald Trump frequently attacked Ford Motor Co. and other automakers for importing vehicles from Mexico, threatening to enact a "big border tax" once elected.

Fiat Chrysler Automobiles has a good feeling about the recent tax reform. The company is expected to announce its next quarterly earnings report on Thursday, January 25th. It will be made in addition to any profit sharing and performance bonuses.

Fiat Chrysler will be moving the production of its Ram heavy-duty truck from Mexico to MI and giving its workforce a substantial bonus due to tax reform. In early 2017, the company announced it would spend over $1 billion to pay for expanding factories in MI and OH which would create 2,000 jobs.

The changeover is to be complete in 2020.

"Macomb County has become Dodge Ram country", Hackel said.

Brian Rothenberg, a spokesman for the UAW, offered cautious praise, explaining that the union had just been made aware of the announcement. "This is an unbelievable statement".

A Chrysler Warren Truck Assembly sign is seen in front of the Fiat Chrysler Automobiles (FCA) plant in Warren, Michigan October 7, 2015.

The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. Earlier on 10 January this year, Mazda and Toyota Motors declared Huntsville in the U.S.as a new plant location for their joint auto production. That feeling is so good that it says it will move some of its Ram truck production to MI from Mexico. Today, FCA has added another billion worth of commitment to the Warren plant, with this newest chunk of cash being used to upfit the factory to build the next generation Ram Heavy Duty lineup.

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