President Trump - the growing business environment

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Record number of jobs - it just keeps getting better and better. The press release from Fiat Chrysler Automobiles:

FCA to Expand Production Capacity in Michigan to Grow Core Brands, Electrify Jeep® Vehicles
$4.5 Billion to Build New Assembly Plant in Detroit and Add Production at Five Existing Michigan Facilities, Creating Nearly 6,500 Jobs

Fiat Chrysler Automobiles N.V. (NYSE: FCAU / MTA: FCA) confirmed today plans to invest a total of $4.5 billion in five of its existing Michigan plants, and to work with the city of Detroit and state of Michigan on building a new assembly plant within city limits. The move would increase capacity to meet growing demand for its Jeep® and Ram brands, including production of two new Jeep branded white space products as well as electrified models. The proposed projects would create nearly 6,500 new jobs. 

The plant actions detailed in today’s announcement represent the next steps in a U.S. manufacturing realignment FCA began in 2016. In response to a shift in consumer demand toward SUVs and trucks, the Company discontinued compact car production and retooled plants in Illinois, Ohio and Michigan to make full use of available capacity to expand the Jeep and Ram brands. Those actions have resulted in the recent launches of the award-winning all-new Jeep Wrangler and all-new Ram 1500, and the introduction of the newest member of the Jeep family, the all-new Jeep Gladiator, at the 2018 Los Angeles Auto Show.

It was under the previous president's tenure that Chrysler sunk so low that they were bought out by Italian company Fiat. From the 2016 Presidential Debates:

The difference between narrative and real leadership. 2020 will be fun to watch - the Democrats have nobody. Again, if John F. Kennedy were running today, I would vote for him in a heartbeat. Today, the Overton Window has shifted too far.

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This page contains a single entry by DaveH published on February 26, 2019 7:41 PM.

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