FCA To Invest $1 Billion For Jeep Pickup, Wagoneer And Grand Wagoneer
FCA has confirmed work on a Jeep pickup truck , a new Wagoneer and the long-rumored Jeep Grand Wagoneer, despite a recent report saying it had been put on hold. The automaker announced the news while revealing a $1 billion investment to retool and modernize the Warren Truck Assembly Plant in Michigan to build the Jeep Wagoneer and Grand Wagoneer and for Ohio’s Toledo Assembly Complex to build the pickup. As part of these investments, Fiat Chrysler Automobiles will create 2,000 new jobs in the U.S. and will introduce the three models by the year 2020. Speaking of the investment, FCA president Sergio Marchionne said “The conversion of our industrial footprint completes this stage of our transformation as we respond to the shift in consumer tastes to trucks and SUVs, and as we continue to reinforce the U.S. as a global manufacturing hub for those vehicles at the heart of the SUV and truck market. “These moves, which have been under discussion with Den...