Macomb leaders cheer Fiat Chrysler's $1 billion plan for Warren truck plant

[TexasTowelie]

As the Motor City prepares for the annual North American International Auto Show, Fiat Chrysler is putting extra sizzle into the event.

FCA CEO Sergio Marchionne on Thursday announced a $1 billion investment for the Warren Truck Plant, a move expected to create 2,500 new well-paying jobs.

In addition, about 60,000 Fiat Chrysler Automotive hourly and salaried workers in the United States will each receive a $2,000 bonus as a result of the recent federal tax reform.

“I’m just elated at this news,” Macomb County Executive Mark Hackel said.

Read more: http://www.macombdaily.com/business/20180111/macomb-leaders-cheer-fiat-chryslers-1-billion-plan-for-warren-truck-plant

[AJT]

1. We have 2 14 year old vehicles and started looking to replace 1.

Won't be looking at Chrysler.

[llmart]

3. Chrysler is in deep doo doo...

Their hey day is over.

Had one of their vehicles - never again.

[liberal_patriot_md]

2. It would be good for them to remember

There wouldn’t be a Chrysler at all without Obama’s auto bailout. And he also was instrumental in the merger.

One more thing. This is a naked attempt to curry favor with Trump and total BS.

This isn’t “new,” it’s part of a long planned investment strategy (bonuses included) established as a result of a 2015 deal between Fiat-Chrysler and the UAW.
http://money.cnn.com/2017/01/08/news/companies/fiat-chrysler-billion-dollar-investment/index.html

https://www.freep.com/story/money/cars/chrysler/2015/09/17/fiat-chrysler-invest-53-billion-us-plants/32551215/

https://mobile.nytimes.com/2015/10/23/business/uaw-fiat-chrysler-union-contract-workers.html?referer=https://www.google.com/

The difference is that Obama didn’t take or expect credit for everything favorable a business did in the US.