The company credited the new federal tax law and also announced $2,000 bonuses for 60,000 hourly and salaried employees in the US, excluding senior leadership.
It is proper that the company's employees are able to share in the tax reform savings and that we acknowledge openly and the improvement in the business environment in the U.S.by investing accordingly in our industrial footprint, said the automaker's CEO Sergio Marchionne through a press release.
President Donald Trump boasted about the move on Twitter on Thursday, saying the company was moving a plant.
Fiat Chrysler Automobiles N.V., a United Kingdom based automotive manufacturer, has chose to spend Dollars 1 billion to shift its heavy-duty truck production facility from Mexico to MI. The voters in MI are very happy they voted for Trump/Pence. They would just like to know what's tomorrow.
That $3.5 billion investment and related actions involved production shifts at three plants in Illinois, Ohio and MI to gain capacity for the Jeep Cherokee, Jeep Wrangler and Ram Light Duty truck, as well as the introduction of three new Jeep models at plants in Ohio and MI.
On average, analysts expect that Fiat Chrysler Automobiles will report full-year earnings of $2.66 per share for the current financial year, with EPS estimates ranging from $2.56 to $2.82. And it invested over $1 billion in a Toledo, Ohio plant to handle the completely redesigned 2018 Jeep Wrangler.
Ex-Watford boss becomes favourite for Stoke job
Espanyol boss Quique Sanchez Flores has refused to confirm whether he has been approached to take over as manager of Stoke City . STOKE CITY believe they can push through a deal to make Quique Sanchez Flores their new manager - despite a hold up in talks.
Paylocity Holding Corporation (PCTY) EPS Estimated At $
The latest exchange of 2.64 Million shares is above its average trading activity of 1.61 Million shares. (NASDAQ:STRS). The company has grown sales at a -0.90% annual rate over the past five years, putting it in the low growth category.
Mir Abdul Qudoos Bizenjo elected as CM Balochistan
Born in 1974, the Pakistan Muslim League-Quaid first became a lawmaker in 2002 and remained Deputy Speaker from 2013-15. The central leadership of the PML-N turned out to be totally helpless in stopping defections of all of its members.