Fiat Chrysler Automobiles (FCAU) said late Thursday it will distribute special bonuses to US employees and add 2,500 new jobs as a result of the tax reform bill signed by President Donald Trump. The company also plans to offer special bonus payments to 60,000 FCA employees in the United States, moves it said were made possible in part by the passage of USA tax reform legislation late previous year.
Another factor in the FCA move is the Trump administration's threat to walk away from the American Free Trade Agreement (NAFTA). Chrysler is coming back to the United States of America, from Mexico and many others will follow. The truck is now made in Saltillo, Mexico.
Fiat/Chrysler is the latest company to offer bonuses to employees in the wake of the passage of President Trump's and Republicans' tax cut law, and they're big ones.
The automaker will invest $1 billion in its Warren Truck Assembly Plant to make the Ram Heavy Duty Truck starting in 2020. "That's wonderful", Farquhar said, noting that the investment and bonuses tell her the company is doing well. Early previous year, the company announced that they would invest a billion in the Toledo South plant for the new Jeep pickup and Warren Truck for the new Wagoneer. Fiat Chrysler is programmed to present a new light pickup truck, the Ram 1500, on Monday. The announcement on Friday (12 January) comes after multiple minivan owners filed complaints a year ago, saying their vehicles abruptly shut off while driving including, in some cases, at highway speeds.
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It has asked the World Trade Organization to examine the American use of punitive duties, alleging that they violate global law. Anneberg said that's a "small price to pay to preserve American manufacturing jobs" in Washington, Mississippi and Georgia.
"I'm just elated at this news", Macomb County Executive Mark Hackel said.
"It's all taking off here in Macomb County", Hackel said. "This is an awesome statement".
The company since June 2009 has invested $10 billion in USA plants.
More notable recent Fiat Chrysler Automobiles N.V. (NYSE:FCAU) news were published by: Twst.com which released: "Fiat Chrysler Automobiles NV: November 2017 Fiat Chrysler Automobiles Sales in ..." on December 14, 2017, also Usatoday.com with their article: "For Fiat brand, a disastrous end to a hard year" published on January 08, 2018, Seekingalpha.com published: "Fiat Chrysler: Undervalued And Improving" on December 29, 2017. FCA had pledged to invest $5.3 billion in American plants to guarantee additional union jobs as part of that agreement.