MAGA: Chrysler to move 2500 jobs from Mexico to MI

About 90 percent of the Ram heavy-duty pickups made at Fiat Chrysler's Saltillo plant in Mexico are sold in the United States or Canada, company officials said.

The carmaker also said it would provide a special bonus of about $2,000 to each of its 60, 000 hourly and salaried USA employees after the recent tax code overhaul.

President Trump commended the move yesterday on Twitter: "More great news as a result of historical Tax Cuts and Reform". Approximately 60,000 employees will receive a $2000 bonus in the 2nd quarter of 2018, including employees at the Belvidere Assembly plant according to a FCA spokesperson. That's on top of profit sharing or performance bonuses.

The Warren Truck Assembly Plant now builds the Ram 1500 and it has done so for decades, but half-ton Ram truck production is being shifted over to the Sterling Heights Assembly Plant. FCA didn't immediately announce what Warren Truck would do between production of the Ram 1500 leaving and Ram heavy duty arriving, although plants often shut down for a time to retool for new production projects.

"These announcements reflect our ongoing commitment to our USA manufacturing footprint and the dedicated employees who have contributed to FCA's success", said Sergio Marchionne, Chief Executive Officer, FCA in a statement.

Reportedly, this is the second among the decisions made by an automobile giant to move its vehicle manufacturing plant to the US since the last few days. That's part of a broader plan that included shifting Jeep Cherokee production from Toledo to Belvidere, Ill. Since 2011, the Company has invested more than $5.7 billion in its USA facilities and hired almost 15,000 hourly employees by keeping labor costs competitive. More than 300 new jobs were added to support production.

"This is unbelievable", Hackel said.

During the 2016 presidential campaign then-candidate Donald Trump frequently attacked Ford Motor Co. and other automakers for importing vehicles from Mexico, threatening to enact a "big border tax" once elected.

The entire industry increased production in Mexico by 13 percent a year ago, while decreasing in Canada and the USA due to decelerating US market.

Thursday's announcement was the second major auto factory news in as many days.

Zacks Investment Research upgraded shares of Fiat Chrysler Automobiles (NYSE:FCAU) from a hold rating to a buy rating in a research report sent to investors on Wednesday, December 20th.

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