Fiat Chrysler Automobiles announced a significant investment in its manufacturing plant. The company announced on Thursday it will spend $ 1 billion to modernize the plant and migrate production of pickup trucks from Mexico to the factory in Michigan.
The financial decision will add 2,500 new jobs. In addition, the automaker confirmed it would award $ 2,000 in bonuses to each of the 60,000 hourly and salaried employees in the U.S, according to the New York Times.
The company’s CEO, Sergio Marchionne, said in a statement that these announcements reflect their ongoing commitment to their U.S manufacturing footprint and to the dedicated employees who have made FCA successful.
The automobile manufacturer alluded to the new tax law signed by President Donald Trump, indicating that all of these recent developments were made possible by this new legislation.