DETROIT (AP) — The Latest on Fiat Chrysler’s plan to expand in Michigan (all times local):
1 p.m.
Detroit has 60 days to assemble 200 acres (80 hectares) of land where Fiat Chrysler can implement a proposed major expansion within the city.
A memorandum of understanding signed Tuesday between Detroit and the automaker outlines terms of the deal.
Mayor Mike Duggan says the land will have to be bought with the cooperation of landowners because the government can no longer use eminent domain powers for auto plant projects. He says the automaker is on a very tight schedule, but Detroit must act to land 5,000 jobs with an average wage of $58,000.
Fiat Chrysler said Tuesday it will bring 6,500 new jobs to Detroit and its suburbs in a $4.5 billion investment.
Duggan says they “are the kinds of jobs we need to bring back to the city.”
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11:40 a.m.
Fiat Chrysler says it plans to roughly double its hourly workforce in Detroit as part of a $4.5 billion investment that will add about 6,500 jobs in the city and surrounding suburbs to build all-new or next-generation SUVs.
The company said Tuesday it will reopen a shuttered engine plant in the city and convert another in the same complex into a future assembly plant for the Jeep Grand Cherokee and a new, three-row, full-size Jeep SUV and plug-in hybrid models.
That complex is expected to add 3,850 jobs. Another 1,100 new jobs are expected to be added at FCA’s Jefferson North Assembly, and roughly 1,500 new jobs at facilities in the neighboring suburb of Warren.
Fiat Chrysler says it’s working with city and state officials on tax incentive packages.
