Detroit Agrees To Pay $107.6 Million To Purchase Land For New Fiat Chrysler Plant

0
17

Fiat Chrysler additionally plans to speculate $900 million to retool and modernize its Jefferson North Meeting Plant, enabling the creation of almost 5,000 new jobs.

Town of Detroit stated on Friday it agreed to pay $107.6 million for almost 215 acres of land wanted to assemble a brand new $1.6 billion Fiat Chrysler Vehicles meeting plant.

The automaker additionally plans to speculate $900 million to retool and modernize its Jefferson North Meeting Plant, enabling the creation of almost 5,000 new jobs, the Mayor’s workplace stated.

The price of buying the land can be cut up between Detroit and the state of Michigan.

Earlier within the day, FCA stated new U.S. pickup truck fashions would assist obtain its 2019 revenue targets and offset a weak efficiency within the first quarter.

For the newest auto information and evaluations, comply with CarAndBike on Twitter, Fb, and subscribe to our YouTube channel.