New Detroit Jeep Plant a Done Deal; Incentives to Flow

Detroit City Council wrapped up a lengthy day of voting and approvals Tuesday, paving the way for a $2.5 billion Fiat Chrysler investment in two east-side assembly plants.

Part of the deal involves a complex series of land swaps benefitting both FCA and the land-rich Moroun family, plus a raft of tax incentives bound for the automaker. It’s a good thing FCA didn’t target its investment at New York City.

Read more
Fiat Chrysler Goes on a Cash-flinging Spree, Promises $4.5 Billion for Plants, 6,500 Michigan Jobs

Fiat Chrysler’s Tuesday announcement will surely make it the darling among domestic automakers, especially in the eye of a certain American president.

To fund the creation of new and next-generation models, most of them Jeeps, FCA is committing $4.6 billion to numerous Michigan plants, $1.6 billion of which will flow to Detroit’s Mack Avenue Engine Complex (soon to become a vehicle assembly plant). Among the vehicles funded with this promise are the long-awaited Jeep Wagoneer and Grand Wagoneer. Oh, and there’s another new Jeep on the way.

Another tidbit: FCA really likes the extra cash brought in by the old-generation Ram 1500 Classic. The model, seen above in Warlock trim, will soldier on.

Read more
  • Kwik_Shift_Pro4X The more taxpayer dollars wasted, the closer it will be to having all your assets taken from you.
  • Jkross22 Just give this money to the pentagon. They're great at lighting someone else's money ablaze and then failing audits. 6 years running they can't tell you how money was spent. I think they're going for a baker's dozen, at which point the pretense will be dropped and they won't even be audited.
  • Ollicat none of it.
  • Kwik_Shift_Pro4X No tech should be mandated. IMHO, automatic braking would be more hazardous than defensive driving would ever be.
  • Buickman Ironiq?