FCA Will Spend $4.5 Billion in Michigan to Build Cars Like an Electrified Jeep Wagoneer and a Three-
Source: FCA press release, via Jalopnik
FCA Will Spend $4.5 Billion in Michigan to Build Cars Like an Electrified Jeep Wagoneer and a Three-Row Jeep
David Tracy
2 minutes ago
Fiat Chrysler just announced a $4.5 billion investment in Michigan manufacturing facilities, including a new one in the city of Detroit set to build an "all-new three-row full-size Jeep SUV," as well as investment in five other plants, one of which will build the next-gen Jeep Wagoneer and Jeep Grand Wagoneer--both with electrified variants.
The announcement came earlier today in a press release, (1) in which Fiat Chrysler said will create nearly 6,500 new jobs as it spends all of that cash on a new plant, and on adding production capacity to five existing facilities.
Of the $4.5 billion, $1.6 billion will be invested into the company's Mack Avenue Engine Complex, which is comprised of two facilities: Mack Avenue Engine 1, and Mack Avenue Engine 2, the latter of which has been idled since the fall of 2012, and the former of which is the current site of Pentastar engine production.
FCA's plan is to spend $119 million moving Pentastar production to the Dundee engine plant in Dundee, Michigan, which currently builds 2.4-liter four-cylinder engines. Then, the $1.6 billion will go into properly equipping both the Mack Avenue facilities so that they can build the next generation "WL" Jeep Grand Cherokee and also an "all-new three-row full-size Jeep SUV," FCA says. Construction on the Mack plant is expected to begin before the end of the second quarter this year, and FCA says it will be "the first new assembly plant to be built in the city of Detroit in nearly three decades." The new Grand Cherokee is expected in the first half of 2021 and the new three-row is expected by the end of 2020, according to FCA.
In addition, FCA announced that it will drop $900 million on its only Detroit automobile assembly plant, Jefferson North Assembly Plant, or JNAP, modernizing it and preparing it to also build the next-gen "WL" Grand Cherokee, as well as to continue making the Durango.
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(1) http://media.fcanorthamerica.com/newsrelease.do?id=20661
Read more: https://jalopnik.com/fca-will-spend-4-5-billion-in-michigan-to-build-cars-l-1832903198
http://media.fcanorthamerica.com/newsrelease.do?id=20661
FCA to Expand Production Capacity in Michigan to Grow Core Brands, Electrify Jeep® Vehicles
$4.5 Billion to Build New Assembly Plant in Detroit and Add Production at Five Existing Michigan Facilities, Creating Nearly 6,500 Jobs
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Snotcicles
(9,089 posts)True Blue American
(17,982 posts)Someone is willing to put their money on the future.
yaesu
(8,020 posts)Capt. America
(2,477 posts)for giving up on the passenger car segment. Of course, I am also frustrated with Americans not buying smaller cars and going with SUVs.
Basement Beat
(659 posts)But it's getting harder and harder with the lack of visibility being surrounded by so many giant vehicles.
Capt. America
(2,477 posts)forklift
(401 posts)we need more affordable electric cars.
byronius
(7,392 posts)That is what I want and need. Rugged 4WD electric truck/SUV.
Looks like we're about there.
Yavin4
(35,431 posts)I could say more, but I cannot.
hueymahl
(2,472 posts)What could you possibly be worried about?
Yavin4
(35,431 posts)That's all.