Fiat Chrysler today announced it will invest more than $1 billion in its Jeep assembly plants in Illinois and Ohio. The investments will create 1,000 jobs between the two sites and will help facilitate the growth of the Jeep brand in the U.S. and abroad.
Jeep’s Belvidere, Illinois assembly plant will receive a $350 million investment in order to retool the site for production of the Jeep Cherokee. The Cherokee will move from its current production site in Toledo, Ohio to Belvidere in 2017 in order to free up production space at the Ohio plant.
Jeep will also invest another $700 million in the Toledo site in order to retool it to accommodate production of the next-generation Jeep Wrangler. Jeep also plans to introduce a Wrangler-based pickup following the intro of the new Wrangler, which will be built alongside the new off-roader at the Toledo plant.
FCA notes investments at both the Illinois and Ohio facilities are “subject to the formal approval of incentives by state and local entities.”