Ram Truck Manufacturing Coming Home to MI


Fiat Chrysler added that it is not planning to shutter its plant in Saltillo, but did not comment on which of its models would be made there after production of the Ram moves to MI.

Lastly, FCA has announced it will provide 60,000 of its hourly and salary USA employees with a $2,000 bonus.

Both actions were "made possible in part by the passage of USA tax reform legislation late previous year", according to the release.

During the 2016 presidential campaign then-candidate Donald Trump frequently attacked Ford Motor Co. and other automakers for importing vehicles from Mexico, threatening to enact a "big border tax" once elected. "Plenty of more to follow!"

The Warren Truck Assembly Plant now builds the Ram 1500 and it has done so for decades, but half-ton Ram truck production is being shifted over to the Sterling Heights Assembly Plant. The payment will be made in the second quarter and is being paid in addition to profit-sharing or performance bonus payments. The key officials of the automobile giant have stated that the firm plans to provide bonuses of almost United States dollars 2000 to each of its employees across the USA, totaling to around 60,000. The current Ram heavy duties are built at the Saltillo Truck Assembly Plant in Mexico.

Hackel pointed to investments since 201 that include $2 billion in the GM Tech Center in Warren and Chrysler's previously announced $2 billion investment in the Sterling Heights Assembly Plant as proof.

NewsAlert: Canada files trade complaint vs US
US newsprint buyers fear that steep import duties of up to 50 percent could increase both Canadian and domestic newsprint prices. Officials at both One Rock Capital Partners and NORCO did not respond to requests for interviews or statements about the case.

Iran says it will retaliate against 'hostile' US sanctions
The deal aims to prevent Iran from creating nuclear weapons while allowing the use of nuclear energy for peaceful purposes. USA and other officials have complained that Iran's ballistic-missile program can easily be converted for nuclear use.

Scotiabank Reiterates "Hold" Rating for Marathon Petroleum Corporation (MPC)
Veritable LP has 0.1% invested in Marathon Petroleum Corporation (NYSE:MPC). 384,401 are owned by Fifth Third Financial Bank. The stock of Marathon Petroleum Corporation (NYSE:MPC) has "Buy" rating given on Friday, December 4 by Deutsche Bank.

60,000 of FCA will also be receiving a one-time $2,000 bonus.

FCA's announcement gave the automaker an early leg up on attention from the Detroit auto show. That investment is also expected to be completed by 2020. The 2,500 jobs being added to build the Ram HD is in addition to those jobs being added as part of the Jeep announcement previous year.

"Macomb County has become Dodge Ram country", Hackel said.

"This is unbelievable", Hackel said. We are basically Ram county now. Since 2011, the Company has invested more than $5.7 billion in its USA facilities and hired almost 15,000 hourly employees by keeping labor costs competitive.

Those investments will have added 3,700 new jobs in the USA, according to Fiat Chrysler.

"Bottom line: more jobs and more investment in our older section of the city", Fouts said in a Facebook post January 11. That plant will be retooled to make future commercial vehicles for global export which takes advantage of Mexico having more trade agreements than the U.S.