Fiat Chrysler to build 3 new Jeeps, create 2,000 jobs in US

[corbe]

Fiat Chrysler to build 3 new Jeeps, create 2,000 jobs in US

Tom Krisher, AP Auto Writer

Associated PressJanuary 08, 2017



DETROIT (AP) -- Fiat Chrysler will add three new Jeeps to its lineup including a pickup truck as it invests $1 billion in two U.S. factories, furthering its effort to increase production of hot-selling SUVs and pickup trucks and get out of producing small and midsize cars. The expansion will create 2,000 new jobs.

The Italian-American automaker said Sunday it will modernize a factory in the Detroit suburb of Warren, Michigan, to make the new Jeep Wagoneer and Grand Wagoneer large SUVs. A factory complex just south of there in Toledo, Ohio, also will get new equipment to make the new pickup. The company wouldn't provide details of the new products, but said the factory work would be done in 2020.

Consumers worldwide have gravitated toward SUVs and trucks while turning away from passenger cars. Last year in the U.S., car sales fell 7 percent while truck and SUV sales rose 8 percent.

Last year, FCA announced plans to stop production of the slow-selling Dodge Dart and Chrysler 200. Factories that make those products in Sterling Heights, Michigan, and Belvidere, Ill., will get new trucks and SUVs as FCA searches for an automaker that would build small cars under contract.

The factory upgrade in Warren also would allow the plant to make heavy-duty Ram pickups that now are produced in Saltillo, Mexico. But FCA would not say if it has plans to shift production to the north.

Producing vehicles in Mexico and shipping them to the U.S. has become a thorny political issue with the election of Donald Trump as president. Trump has criticized Ford, General Motors and Toyota for building small cars in Mexico and shipping them across the border. He has threatened to impose a big border tax on the companies.


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https://www.yahoo.com/news/fiat-chrysler-adds-3-jeeps-205713828.html?ref=gs

[Wingnut]

Ever since Sergio Marchionne arrived on the scene and was gifted Chrysler by that asswipe Obama and his administration, his mission has been to not only bail out the perpetually flailing Fiat but to line his pockets.   The Great Gasbag Sergio has ruined Chrysler.  They will be OOB in 16 months.

[endicom]

The Great Gasbag Sergio has ruined Chrysler.

How could he have ruined a bankrupt company?

[jmyrlefuller]

How could he have ruined a bankrupt company?

It does make one wonder how a company like that keeps hobbling along, year after year, passed around from owner to owner like a hot potato. (Other than, of course, the bailouts.)

Back in '09 I noticed that the Big Three had all lost so much market share that it would have been enough to put at least one of them out of business, and that if one of them had indeed collapsed, the slack could easily have been made up by the other two automakers.

[Wingnut]

How could he have ruined a bankrupt company?

You are not a "car guy" are you.   I don't have time to explain it to you.

[corbe]

2008     1,988,376   14.73%
2009     1,620,888   15.29%
2010     1,935,462   16.40%
2011     2,143,101   16.49%
2012     2,250,165   15.20%
2013     2,493,918   15.69%
2014     2,480,942   14.77%
2015     2,613,162   14.68%

Above is US Sales and Market Share





2008   1,453,122   - 30%
2009      931,402    -36%
2010    1,085,211    +17%
2011    1,369,114    +26%
2012    1,651,787    +21%
2013    1,800,368    +9%
2014    2,090,639    +16%
2015    2,243,907    +7%

   US Sales  and %Chg/yr

   I think Chrysler is holding it's own considering that the Fiat parasite is sucking it dry.

[endicom]

You are not a "car guy" are you.   I don't have time to explain it to you.

You have nothing to explain. Chrysler was bankrupt and no one wanted it.

[endicom]

2008     1,988,376   14.73%
2009     1,620,888   15.29%
2010     1,935,462   16.40%
2011     2,143,101   16.49%
2012     2,250,165   15.20%
2013     2,493,918   15.69%
2014     2,480,942   14.77%
2015     2,613,162   14.68%

Above is US Sales and Market Share





2008   1,453,122   - 30%
2009      931,402    -36%
2010    1,085,211    +17%
2011    1,369,114    +26%
2012    1,651,787    +21%
2013    1,800,368    +9%
2014    2,090,639    +16%
2015    2,243,907    +7%

   US Sales  and %Chg/yr

   I think Chrysler is holding it's own considering that the Fiat parasite is sucking it dry.

DaimlerChrysler?

That parasite is the only reason there is a Chrysler.