Sunday, January 8, 2017

Fiat to invest $1 billion in new Michigan, Ohio plants, create 2000 jobs

Fiat to invest $1 billion in new Michigan, Ohio plants, create 2000 jobs: FCA, the U.S. arm of automaker Fiat-Chrysler, announced on Sunday that it would invest a total $1 billion in plants in Michigan and Ohio, which will add 2000 new jobs in the United States.

The announcement, in what the company said was the second phase of a plan it first made public a year ago, came days after Ford Motor Company decided to scrap a plan to build a facility in Mexico, instead opting to invest in a plant in Michigan.

Ford's CEO cited demand, rather than the policies of President-elect Donald Trump, who has vowed to impose a "border tax" on companies that send jobs abroad.

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