FCA to invest more than $1 billion in Michigan plant

FCA, Auburn Hills, Mich., has announced plans to invest more than $1 billion to modernize the Warren Truck Assembly Plant (Michigan) to produce the next-generation Ram Heavy Duty truck, which will relocate from its current production location in Saltillo, Mexico, in 2020.

This investment is in addition to the announcement made in January 2017 that committed to spending a portion of $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 future commercial vehicles for global distribution.

To support the increased volume at the Warren facility, the company will create 2,500 jobs, above and beyond the jobs announced as part of the January 2017 announcement.

The company also confirmed that it will make a bonus payment of $2,000 to approximately 60,000 FCA hourly and salaried employees in the U.S., excluding senior leadership. The payment, which recognizes employees for their continued commitment to the company's success, will be made in Q2 2018 and will be in addition to any profit sharing and salaried performance bonuses that employees would otherwise be eligible to receive in 2018. The bonus will be paid to all eligible employees of the FCA automotive and components operations in the U.S.