New Tax Law Brings Big Bonuses for Chrysler Workers

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"It is only proper that our employees share in the savings generated by tax reform and that we openly acknowledge the resulting improvement in the USA business environment by investing in our industrial footprint accordingly", Chief Executive Officer Sergio Marchionne said in a statement.

$1 billion in the south plant of the Toledo Assembly Complex to prepare the facility to produce an all-new Jeep truck, and in the Warren Truck Assembly Plant to modernize the plant to build the all-new Jeep Wagoneer and Grand Wagoneer. The truck is now made in Saltillo, Mexico.

In all, FCA says its investment in heavy duty truck production will produce 2500 more jobs in the U.S. Since 2009, they report total U.S. investment of more than $10 billion creating more than 25,000 jobs, including the re-tooling of the Belvidere Assembly Plant to manufacture Jeep Cherokees at a cost of $350 million and the addition of 300 more jobs.

The Saltillo plant will be repurposed for production of future commercial vehicles for global distribution.

Negotiators for the United States, Mexico and Canada are scheduled to meet later this month for another round of talks on revising NAFTA. Trump reiterated a threat to pull out of the trade accord on Thursday, a day after Canadian officials said they viewed the odds of withdrawal as rising.

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$1.5 billion in the Sterling Heights Assembly Plant in MI to build the next generation Ram 1500 truck. More than 2,000 new jobs will be added at these two plants to support production, FCA pointed out.

Vice President Mike Pence, in a tweet, hailed the decision. "Manufacturing is back. Great announcement".

Last year, Ford Motor Co. postponed a factory in Mexico.

Ceballos said there was no current plan to either reduce or grow the workforce in Mexico. Fiat Chrysler is programmed to present a new light pickup truck, the Ram 1500, on Monday. The release also announced special bonus payments of $2,000 to approximately 60,000 of Fiat Chrysler's US employees (the release made sure to mention the bonuses excluded "senior leadership").

The Italian-American automaker will pay each USA hourly and salaried employee a $2,000 bonus in the second quarter of 2018.

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