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.
A woman (right) shamelessly walked into a Los Angeles Costco last week to demand a refund for her "dead" Christmas tree . Surprisingly, the woman actually got her money back for the tree, according to Facebook post .
Spectacular dancers will complement the spectacular dance of any composition, leaving an unforgettable impression in your memory. A special chic to the club is given by colorful and incendiary performances, over which a professional choreographer works.
In addition, from the year 2018 GRC’s cryptocurrency rate is expected to grow due to its social usefulness and relevance. In order to do this, you need to have a considerable amount of money, a special financial education and a special license.
UNRWA provides services to 5.3 million Palestinian refugees in the Palestinian territories, Jordan, Lebanon and Syria. The US is now UNRWA's primary source of funding, giving the agency over $300 million per year.
The vast majority of those who aren't working have an illness or disability, are caring for a family member, or are in school. Ten states have asked the agency for flexibility in the Medicaid program, according to Verma.
The head of the local Jewish community said that attackers had exploited the breakdown in security to set the buildings on fire. Among those arrested were two men who orchestrated the storming of a police station in the town of Nefza.
The film makes a powerful statement on journalistic integrity and the crucial role of a free press in a democracy. The decision facing Graham is not an easy one: People could go to prison, the Post could cease operating.
While Luke will probably have a key role to play in the new movies, it’s certain the new actors will dominate the storyline. He felt he needed to know what all those years have done to Luke even if the material doesn’t get told in the actual movie.
Moreover, for the first time, Ivy and David even did not see each other, due to the fact that their communication was online. It should be noticed that these two people began relations just as friends, as they lived in different countries.