Posted on 05/27/2019 1:42:07 AM PDT by Cronos
Fiat Chrysler said May 21 that construction will begin immediately on a new, $1.6-billion assembly plant for Jeep Grand Cherokees, a new Jeep SUV and hybrid cars on Detroit's east side.
The automaker receives tax breaks and 215 acres of land adjacent to its Jefferson North Manufacturing plant from the city and state in the deal. The land Fiat Chrysler is getting is valued at $108 million and the tax incentives at a savings of $291 million. To put together the land parcels for the deal, the city of Detroit agreed to purchases and exchanges with prominent landowners such as the Moroun family and developer Michael Kelly.
.."Thanks to the strong support of Gov. (Gretchen) Whitmer (D), the Michigan Economic Development Corp. and city of Detroit, I am pleased to confirm that plans to invest in our Jefferson North Assembly Plant and build a new state-of-the-art assembly plant in Detroit have been given the green light," Mark Stewart, COO of Fiat Chrysler Automobiles North America, said in a statement. " This investment enables us to deliver on this promise in the state and city we call home."
Construction is expected to be completed by late 2020 and Fiat Chrysler said in a statement that it expects to begin producing vehicles at the new plant for the 2021 model year. ..
(Excerpt) Read more at enr.com ...
Building Renault cars?
I’m thinking the plant will be covered in graffiti soon after it opens.... : )
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