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Fiat Chrysler ups the ante as automakers respond to Trump

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Fiat Chrysler ups the ante as automakers respond to Trump

Fiat Chrysler ups the ante as automakers respond to Trump*/

– (Repeats with no changes to text)By Bernie Woodall and David ShepardsonDETROIT, Jan 8 (Reuters) – Fiat Chrysler Automobiles on Sunday said it will invest $1 billion to modernize two plants in the U.S. Midwest and create 2,000 jobs, upping the ante as automakers respond to threats from President-elect Donald Trump to slap new taxes on imported vehicles.FCA’s announcement that it would retool factories in Ohio and Michigan to build new Jeep sport utility vehicles, including a pickup truck, and potentially move production of a Ram heavy-duty pickup truck to Michigan from Mexico, also highlighted the auto industry’s keen interest in getting relief from tough fuel economy rules enacted by the outgoing Obama administration.General Motors Co Chief Executive Mary Barra on Sunday said tax reform and “streamlining regulations … are just two areas that would be extremely beneficial” for Trump to address.
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Fiat Chrysler to add U.S. jobs as Trump puts spotlight on industry

Fiat Chrysler to add U.S. jobs as Trump puts spotlight on industry*/

– A Chrysler Warren Truck Assembly sign is seen in front of the Fiat Chrysler Automobiles (FCA) plant in Warren, Michigan October 7, 2015.REUTERS/Rebecca CookDETROIT Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N) said it will invest $1 billion to modernize two plants in the U.S. Midwest and create 2,000 jobs, and possibly move production of a Ram heavy-duty pickup truck to Michigan from Mexico.FCA Chief Executive Sergio Marchionne said on Monday the decision to retool factories in Ohio and Michigan to build new Jeep sport utility vehicles, including a pickup truck, “was in the works and has been in the works for a long period of time.”
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