FCA plans major investments in Detroit, including a new plant
Detroit got some very good news on Tuesday.
Fiat Chrysler says it plans to build a new assembly plant in Detroit, invest in five other Michigan plants, and hire 6,500 additional workers.
Michelle Krebs is an analyst with Autotrader.
"Detroit hasn't seen a new assembly plant in a long time, decades," says Krebs, "so this is absolutely fabulous news for Detroit, for Michigan and for Fiat Chrysler and Jeep."
Fiat Chrysler says the nearly $4.5 billion expansion will help it meet growing demand for Jeep SUVs and RAM trucks.
The automaker says the plants receiving investments will be able to produce hybrid versions of the vehicles produced there, and will be flexible enough to produce electric versions in the future.
The expansions are contingent on development incentives from the city of Detroit and the state of Michigan.