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FiatChrysler Invests $4.5B In Detroit

  • Forbes, Tuesday, February 26, 2019 4:32 PM
FiatChrysler Automobiles appears to be in the best shape financially of the Detroit Big Three, given it is investing in manufacturing plants instead of closing them. The automaker announced a massive $4.5 billion investment package upgrading six plants in the metro Detroit area, that will preserve or add more than 5,000 jobs. “Not only will FCA expand production of the next generation of its Jeep Grand Cherokee and Dodge Durango at its assembly on Detroit’s east side, but Jeep will also launch a new slightly larger SUV with three rows of seats,” according to Forbes. “Call it ‘the-future-is-now’ strategy.”

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