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Fiat Chrysler to invest $4.5 billion in Michigan for new Jeep SUV models

Reuters Tuesday, 26 February 2019
Fiat Chrysler to invest $4.5 billion in Michigan for new Jeep SUV modelsFiat Chrysler Automobiles NV said on Tuesday it will invest $4.5 billion in five plants to build new models of Jeeps to compete in the lucrative market for full-size, three-row SUVs currently dominated by rivals General Motors Co and Ford Motor Co.
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News video: Fiat Chrysler Scales Back On Employees At Illinois Plant

Fiat Chrysler Scales Back On Employees At Illinois Plant 00:37

Fiat Chrysler Automobiles said on Tuesday it will cut nearly 1,400 jobs at an Illinois assembly plant where it builds the Jeep Cherokee SUV. The Italian-American automaker will cut one of three shifts at the Belvidere Assembly plant starting May 6, impacting 1,371 jobs, in order to "better align...

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