Fiat Chrysler announced on Tuesday it would invest $4.5 billion in five of its existing Michigan plants, creating over 6,000 American jobs. Along with the investment, it plans to open a new auto assembly plant – the first Detroit has seen since 1991.
These jobs aren’t just increasing in number, but in pay. The plant plans to pay new employees an average salary of $58,000 and double their hourly workforce.
President Trump responded to the news on Twitter saying, “They are all coming back to the USA, it’s where the action is!”
“We’re an American brand. We’re proud of that within the Jeep brand,” Fiat Chrysler CEO Mike Manley said in a statement. He added that Fiat Chrysler has a ‘strong desire to keep producing Jeeps in the U.S.’ and called Detroit a ‘logical decision.’
At one time Detroit was known as auto center of the world. But after a slow downhill progression due to factories shipping U.S. jobs overseas, Detroit was labeled as “in decline.” The unemployment rate was nearly 15% in 2014, during President Obama’s second term, and jobs were scarce.
This week’s announcement is part of the follow through on a plan announced in 2016 by the company to expand its U.S. investment and industrialization. Since President Trump’s new initiatives took effect to keep jobs in the U.S., places like Detroit have been on the upswing. The people of Detroit know the automotive business, and many unemployed and previously laid off auto workers are already praising the recent reinvestment we’ve seen in Michigan.
Fiat Chrysler isn’t the first to announce reinvestment in U.S. auto factories following the Trump Presidency and certainly won’t be the last.