News: Fiat Chrysler will reopen a factory in Detroit to build more SUVs: Report - PressFrom - US
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NewsFiat Chrysler will reopen a factory in Detroit to build more SUVs: Report

00:40  07 december  2018
00:40  07 december  2018 Source:   businessinsider.com

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DETROIT — The event scheduled for Thursday at Fiat Chrysler ’s Illinois assembly plant was supposed to shine a light on what the company does best: build high-margin Jeep sport utility vehicles . Then, for a second time in two months

Fiat Chrysler will reopen a factory in Detroit to build more SUVs: Report© FCA

Fiat Chrysler Automobiles will re-open a factory that it took offline in 2012, the Detroit News reported Thursday.

The plant, which formerly made engines, will come out of mothballs to service the voracious US market for SUVs.

"The Auburn Hills-based automaker plans to revive Mack Avenue Engine II, which has been idled since 2012, as an assembly plant building a new three-row Jeep Grand Cherokee for model year 2021," the News reported, citing unnamed sources.

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Fiat Chrysler Automobiles N.V. (abbreviated as FCA) is an Italian and American multinational corporation and is the world’s eighth largest auto maker.

Fiat Chrysler Automobiles on Sunday announced a billion investment to expand factories in Ohio and Michigan and create 2,000 jobs in the United The Warren and Toledo plants getting this latest round of investment were promised they would be able to build new, unspecified vehicles in the

"The move could add at least 100 and up to 400 jobs in the city," the newspaper added.

FCA declined to comment on the report.

Under former CEO Sergio Marchionne, who passed away unexpectedly earlier this year, FCA shifted aggressively away from passenger cars and revamped its US manufacturing footprint to concentrate on hot-selling SUVs, crossovers, and pickup trucks.

FCA shares closed down 3% on Thursday to $16.

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Fiat US Sales Fall Over 40%, Endangering the Brand.
 GM and Ford have each announced they will stop selling some of their car models in the United States. A brand made by Fiat Chrysler may well be next.

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