Fiat Chrysler to invest $4.5 billion in Michigan to add new SUV models

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Fiat Chrysler to invest $4.5 billion in Michigan to add new SUV models

On Tuesday, the 26th of February, 2019, the Fiat Chrysler Automobile NV had issued a statement, saying that they would be investing about $4.5 billion in five manufacturing plants in order to build new models of SUV jeeps, as an attempt to compete more efficiently in the well-paid market of full-size, three-row SUVs, which had currently been dominated by Fiat rivals such as Ford Motor Co., alongside General Motor Co.

In the announcement on Tuesday, February the 26th, the Fiat Chrysler had also stated that the five manufacturing plants would create 6,500 jobs in Michigan. The declaration came forth after three months the General Motor had said that they would not be allocating new products to five of their plants in North America, which mostly produce a less-popular model of Sedan.

GM workers Union, US lawmakers including President Donald Trump had repeatedly criticized the attempt of GM, which is likely to close the plants in a near future. Never the less, the Fiat Chrysler CEO, Mike Manley told in a conference call with the reporters that the SUV area would highly likely to grow in a near-term outlook and the company’s investment focus on new model SUVs had been a sure be to take.

Adding 60 percent of SUV sales had been of three-row models, Mike Manley said, “We don’t have a three-row offering... and this is a segment that I’ve been very interested in for some time. ”