Fiat Chrysler will move Ram production to MI from Mexico

Fiat Chrysler will move Ram production to MI from Mexico

Fiat Chrysler will move Ram production to MI from Mexico

Fiat Chrysler announced Thursday it will move production of its Ram heavy-duty trucks to its plant in Warren, Michigan. The move from Saltillo, Mexico, will take place in 2020.

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 automaker also plans to give its 60,000 hourly and salaried US employees $2,000 bonuses.

The recall affects 2017 model year Pacifica minivans, including 153,859 vehicles sold in the US, the company said.

"Most such events known to FCA US reportedly occurred at idle or while starting, turning, or driving at low, steady speeds", the automaker said.

Since the last two years Fiat Chrysler has been managing an expansive shake up of its United States fabricating service in a flurry to generate more trucks and jeeps as a reply to the increasing consumer demand for extensive spacious vehicles and plunging sales of miniature and midsize cars.

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US Vice President Mike Pence praised Fiat Chrysler's announcement.

Before a March 2017 speech in Ypsilanti, Trump told Jim Lentz, chief executive of Toyota North America, "You have to build plants here". Cambridge Investment Research Advisors Inc. now owns 13,222 shares of the company's stock valued at $141,000 after acquiring an additional 430 shares in the last quarter.

Mexico's auto industry association reported that the country exported more than 276,000 Ram Heavy Duty trucks in 2017, with almost 90% coming to the United States.

Optimism that new Jeeps and a redesigned Ram 1500 pickup may reverse that trend has helped boost the Italian-American automaker's shares.

Some news reports have lined the decision to move the Ram HD model to MI to pressure from the Trump Administration.

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

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Hackel says this is "another add-on" to the roughly $10 billion automakers and suppliers have invested in Macomb County since 2010.

"This is unbelievable", Hackel said.

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.

Since June 2009, the company has invested over $10bn in its USA manufacturing operations, adding thousands of jobs to the economy in the process.

$1 billion in the south plant of the Toledo Assembly Complex to prepare the facility to produce an all-new Jeep truck, and in the Warren Truck Assembly Plant to modernize the plant to build the all-new Jeep Wagoneer and Grand Wagoneer. They support production in the Jeep and Ram lines, and will also help bring three new Jeep models to plants in OH and MI.

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