President-elect Donald Trump has expressed pleasure at Fiat Chrysler’s decision to invest $1 billion in two of its plants in Ohio and Michigan.
On Sunday FCA said it would invest $1 billion in order to retool its Warren Truck Assembly Plant to build the Jeep Wagoneer and Grand Wagoneer. Some of the money will also be used to overhaul the south side of its Toledo Assembly Plant in order to build the Jeep Wrangler-based pickup truck. The automaker says the two investments will create over 2,000 jobs.
Trump tweeted out his support of the investment following the announcement and at the same time praised Ford for its recent decision to build a $1.6 billion plant in Mexico and invest $700 million in one of its Michigan facilities.
“It’s finally happening – Fiat Chrysler just announced plans to invest $1BILLION in Michigan and Ohio plants, adding 2000 jobs,” Trump said in a tweet on Monday. He expanded on the topic in a second tweet. “Ford said last week that it will expand in Michigan and U.S. instead of building a BILLION dollar plant in Mexico. Thank you Ford & Fiat.”
At the 2017 North American International Auto Show in Detroit Monday, FCA CEO Sergio Marchionne said the investments had been planned for a long while and weren’t a reactionary decision to Trump’s election. The soon-to-be president has previously said he intends to impose a 35 percent tariff on goods made in Mexico and imported to the U.S., a decision that could force FCA to close its Mexican plants, Marchionne said.