FCA has announced they will invest additional money in its U.S. manufacturing operations and grant a special payment to recognize employees for their continued efforts toward the success of the Company. The will invest over $1 billion to modernize Michigan’s Warren Truck Assembly Plant to produce the next-generation Ram Heavy Duty truck, which will move from its present production location in Saltillo, Mexico, in 2020. This news follows last year’s announcement committing $1 billion in Warren Truck Assembly to expand the Jeep® product line with the addition of the all-new Jeep Wagoneer and Grand Wagoneer. The Saltillo Truck Assembly Plant will be repurposed to produce commercial vehicles for worldwide distribution.
To support the increased volume at the Warren facility, 2,500 positions will open, in addition to those announced in January 2017.
The Company’s special bonus payment consists of $2,000 granted to approximately 60,000 FCA hourly and salaried employees in the U.S., not including senior leadership. The payment will be made in the second quarter of this year, and will not count against any profit sharing and salaried performance bonuses that employees would otherwise receive in 2018. The special bonus will be paid to all eligible employees of the FCA automotive and components operations in the U.S.
“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.”