NPA declines to arrest and prosecute Indian prime minister
Trump Threatens to Slap Tariffs on Everything Imported From China
'Not thrilled' with interest rate hikes
Q4 FY2018 — Microsoft earnings
Trump's stunning comments about the Federal Reserve could actually backfire
Next-Gen Ram Heavy-Duty Truck Production Moves From Mexico to MI
12 January 2018, 03:42 | Joann Bryant
New Tax Law Brings Big Bonuses for Chrysler Workers
In addition, FCA said it will give special bonus payments of $2,000 to approximately 60,000 f its hourly and salaried employees.
As a result, the firm's Mexico plant, where the production of such vehicles now occurs, will be repurposed, instead being used to develop and produce future Fiat Chrysler commercial vehicles for global sale.
Fiat Chrysler is making a big investment in its Warren Truck Plant. In one, he wrote, "More great news as a result of historical Tax Cuts and Reform: Fiat Chrysler announces plan to invest more than $1 BILLION in MI plant, relocating their heavy-truck production from Mexico to MI, adding 2,500 new jobs and paying $2,000 bonus to US employees!"
FCA's initial investment in Warren for the Wagoneers was announced in January 2017. FCA said this was on top of a large investment at the Warren factory announced previous year.
The company also noted that it has invested some $10 billion in its USA manufacturing operations since June 2009, with some $3.5 billion alone focused on Jeep and Ram Truck production realignment that included the addition of 3,700 new jobs.
FCA will shift production of trucks from its current plant in Mexico back to a plant near Detroit and will also divvy up bonuses to the company's American workers, in light of the recent tax reform law, The Sun Herald reports. In the process, it will add 2,500 jobs.
The special bonus will be paid to all eligible employees of FCA's automotive and components operations in the U.S.
The plant investment actions announced today are subject to the negotiation and final approval of incentives by state and local entities.
"These announcements reflect our ongoing commitment to our US manufacturing footprint and the dedicated employees who have contributed to FCA's success", said Sergio Marchionne, Chief Executive Officer, FCA in a statement. He says employees should also share in the tax savings.
"It's pretty much Ram country here in Macomb County now", Macomb County Executive Mark Hackel said Thursday night after FCA's Warren truck plant announcement.
Kyrie Irving asked about the flat earth in London
When is Game Time? - 76ers taking an early lead here in London with JJ Redick hitting form with 10 points inside five minutes. Unfortunately for the fan, the 76ers hype team and The O2 Arena crowd completely fooled him into thinking he nailed it.
10 people have died of the flu in SLO County
So far this flu season, at least 3,927 people have been sent to the hospital with laboratory-confirmed cases of influenza. The county's death total continues to rise, with 11 deaths reported this week by public health officials.
Raptors Blow Out Cavaliers
Shooting in general was awful for the Cavaliers , who shot 33 percent from the field in the first two quarters. The Cavaliers (26-15) won in Orlando but then were smoked in Minnesota and Toronto in back-to-back games.
Honda Insight hybrid ousts Civic Hybrid for upscale EV
Under the bonnet is a new version of Honda's hybrid powertrain previously shown in the US-market Accord Hybrid. Honda is reintroducing the Insight hybrid as part of the Japanese automaker's electrification strategy .
Kerala CM accused of looting Ockhi funds for personal expenses
The total amount spent on the Central team adds up to Rs 18.5 lakh when the chief minister's helicopter expenses are also added. Last year, CPI cabinet ministers had chose to boycott the weekly cabinet meeting to protest the way Vijayan handled things.
Tunisia deploys army as violent protests intensify
Europe is concerned about stability in Tunisia partly because unemployment there has forced many young Tunisians to go overseas . The military deployed to multiple cities as some people blocked roads, threw stones and set fires.
Justine Greening quits Government amid Cabinet reshuffle
Ex-Work and Pensions Secretary David Gauke took over the roles of Lord Chancellor and Justice Secretary vacated by Mr Lidington. A tweet was sent out from the official @conservatives account congratulating Chris Grayling as new chairman of the party.