profishingrods.com
profishingrods.com October 15, 2018


Ram Truck Manufacturing Coming Home to MI

14 January 2018, 01:47 | Cameron Gross

Police ‘Dignitaries’ disrupted crime scene after massacre

Police ‘Dignitaries’ disrupted crime scene after massacre

Last year, FCA announced that the company would be investing a portion of one billion dollars to prepare the Warren Truck Assembly Plant in MI for the upcoming Jeep Wagoneer and Grand Wagoneer.

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.




"This has become somewhat of a Ram country here in Macomb County if you think about it because this is where it's being built ... and they're bringing them up from Mexico", Hackel said.

Fiat Chrysler had said last January it planned to spend $1 billion to expand factories in OH and MI.

"This is unbelievable", Hackel said. We are basically Ram county now.

The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in.

The company since June 2009 has invested $10 billion in US plants. The $1 billion investment in the Warren plant announced yesterday is in addition to the earlier announced $1 billion.

Since June 2009, the company has invested over $10bn in its USA manufacturing operations, adding thousands of jobs to the economy in the process.

The move is possible because FCA made the prior decision to make the new big Jeep SUVs on the Ram body-on-frame platform.



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