Earlier this week Fiat Chrysler announced it would invest $74.7 million in its Trenton Engine Complex in order to accommodate production of its next-generation of four-cylinder engines. The investment will help retain 247 jobs at the engine plant and will ensure those jobs stay there for several years to come.
The state of Michigan has now given a tax break to FCA of $770,000 with the investment, MLive reports. The tax break was given to the automaker by the Michigan Strategic Fund under the ‘State Essential Services Assessment’. Ford was also recently given a major tax break in Michigan after investing $1.4 billion in its Livonia Transmission plant.
FCA’s Trenton facility will be tasked with building the automaker’s new family of four-cylinder engines going forward. With tightening regulations on emissions and fuel consumption, small engines will begin to play a bigger role in FCA’s product portfolio – even though its currently looking at ways to introduce bring more trucks, crossovers and SUVs vehicles to market.