New Tax Law Brings Big Bonuses for Chrysler Workers


"These announcements reflect our ongoing commitment to our USA manufacturing footprint and the dedicated employees who have contributed to FCA's success", said Sergio Marchionne, chief executive officer of FCA. The next round of talks between the U.S., Canada and Mexico start January 23 in Montreal.

FCA says the Warren plant will add 2,500 new jobs. "Manufacturing is back. Great announcement".

Second, the Company confirmed that it will make a special bonus payment of $2,000 to approximately 60,000 FCA hourly and salaried employees in the US, excluding senior leadership.

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Food prices have also risen by about 8 percent each year since the 2011 revolution, while unemployment stands at over 15 percent. One protester was killed on Monday, fueling anger although police said they were not responsible.

"We've made a lot of headway". Threats by Donald Trump to withdraw the USA from the North American Free Trade Agreement or dramatically rework the deal have spurred warnings from the auto industry of major harm.

$1 billion in the south plant of the Toledo Assembly Complex to prepare the facility to produce an all-new Jeep truck, and in the Warren Truck Assembly Plant to modernize the plant to build the all-new Jeep Wagoneer and Grand Wagoneer. He also repeated his threat that the USA would ditch the pact if it did not get what it needed in the negotiations. That made Fiat Chrysler the third-largest producer of vehicles in Mexico in 2017, after Nissan Motor Co (7201.T) and General Motors Co (GM.N).

Foreign carmakers have been improving their plants or establishing new ones.

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President Donald Trump's daughter Ivanka is endorsing Oprah Winfrey's message, if not a political future, in a recent tweet . Oprah's best friend Gayle King was also moved by her speech and told the Times, "I thought that speech was incredible".

The investment follows a dramatic jump in Fiat Chrysler stock amid optimism about its product lineup being revamped with fresh trucks and sport utility vehicles.

Just like General Motors Co., Nissan Motor Co., and other carmakers, Fiat Chrysler is greatly exposed to changes in Nafta. In 2009, he was instrumental in Fiat Group forming a strategic alliance with the ailing USA automaker Chrysler, with the support of the United States and Canadian governments and trade unions. It produced 626,000 trucks or 27 percent of its total North American production volume.

Fiat Chrysler is moving production of heavy-duty trucks from Mexico to MI and paying bonuses to US workers in response to the.

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This is the space agency's first mission in 2018, and its first since the unsuccessful launch of IRNSS-1H in August past year . The new Cartosat-2 satellite's functioning is similar to the PSLV C-38/Cartosat-2 launch , which took place on June 23, 2017.

The entire industry increased production in Mexico by 13 percent a year ago, while decreasing in Canada and the USA due to decelerating US market.