Ram Truck Manufacturing Coming Home to MI

Ram Truck Manufacturing Coming Home to MI

Fiat Chrysler Automobiles will invest $1 billion to modernize its Warren Truck Assembly Plant, adding more than 2,500 new jobs ahead of a planned switch in Ram Heavy Duty truck production to MI from Mexico in 2020.

But economic analysts note that the 2,500 jobs Fiat Chrysler plans to create at the Warren Truck Plant lags the auto manufacturing jobs lost in 2017.

The company is also making a special bonus payment of $2,000 to approximately 60,000 FCA hourly and salaried employees in the USA, excluding senior leadership.

About 80% of the Rams now built in Mexico are shipped to the USA, said Kristin Dziczek, director of the industry, labor and economics group at Ann Arbor's Center for Automotive Research. Jefferies Group analyst P. Houchois now expects that the company will post earnings of $2.60 per share for the year, up from their previous forecast of $2.31. Fiat Chrysler Automobiles NV said yesterday it was recalling more than 162,000 2017 Chrysler Pacifica minivans because a software glitch may cause the vehicles to stall.

About 90 percent of the Ram heavy-duty pickups made at Fiat Chrysler's Saltillo plant in Mexico are sold in the U.S. or Canada, company officials said.

The decision by FCA was hailed by the U.S. Vice President Mike Pence who tweeted that manufacturing is back and is proof the America first policies of the administration are working.

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The company will relocate the truck's production from its current location in Saltillo, Mexico, to the MI plant in 2020. The automaker has retooled the nearby Sterling Heights Assembly Plant to handle the all-new 2019 Ram 1500 light-duty version of its full-size pickup.

"Keep in mind, both the Jeep Wagoneer, Grand Wagoneer and now the large Ram's production won't begin until 2020", she said. It also engages in the property investment, sourcing, finance, and IT services businesses. FCA said this was on top of a large investment at the Warren factory announced a year ago.

Fiat Chrysler said is aware of a single potentially related accident.

"It's all taking off here in Macomb County", Hackel said. We are basically Ram county now. "I can't wait to give him a big hug at the auto show".

According to an FCA press release, the automaker has invested $10 billion in us manufacturing operations since June 2009. The $1 billion investment in the Warren plant announced yesterday is in addition to the earlier announced $1 billion. 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 a year ago. They support production in the Jeep and Ram lines, and will also help bring three new Jeep models to plants in OH and MI.

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