Monday, November 29, 2010

From the wtf fie:
Fiat and Chrysler to Build Jeeps in Italy - And Export Them to the US

There were rumors of this last week, but I guess now it's offical because it's in the Automotive News. Fiat and Chrysler are going to jointly invest $1.3 billion into a plant in Italy to make vehicles under the Jeep and Alfa Romeo brands. The upgraded facility would have a capacity of up to 280,000 vehicles per year and will employ up to 5,600 workers. In other words, it's a big factory. Some of the production will be assigned to Jeep models to be exported to the US.

It's interesting to me that this press release came out over Thanksgiving weekend. It appears that the UAW hasn't had time yet to react in an organized way to the press release. Personally, I have a hard time with this, since Fiat stands to get a third of Chrysler without investing any money. The whole purpose of the deal is to save jobs and industry in the US. Chrysler's reinvestment in North American built products is not complete, yet capital is somehow available to build cars in Italy.

1 comment:

  1. If that is the case, then Chrysler should do it to make their vehicle models better and at the same time save jobs and create jobs too.


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