FCA Investments Could Bring 1,000 New Jobs
Big plans for Belvidere, Toledo assembly plants
Jul 15, 2016
FCA US today announced that it will invest more than $1 billion in its assembly plants in Illinois and Ohio to retool them to support the future growth of the Jeep® brand.
As a result of these investments, 1,000 new jobs will be created—subject to market conditions.
The Belvidere (Ill.) Assembly Plant will receive an investment of $350 million to produce the Jeep Cherokee, which will move from its current production location in Toledo, Ohio, in 2017. Approximately 300 new jobs will be created. Production of the Dodge Dart and the Jeep Compass/Jeep Patriot will end in September 2016 and December 2016, respectively.
The company also will invest $700 million in the Toledo (Ohio) Assembly Complex to retool the “North” plant to produce the next generation Jeep Wrangler. Approximately 700 new jobs will be added. An announcement regarding the future of the “South” plant (the Toledo Supplier Park) will be made at a later date.
These production actions are subject to the formal approval of incentives by state and local entities.
Since 2009, FCA US has announced investments of more than $6.8 billion and added more than 23,500 (including nearly 18,000 hourly) people in its U.S. operations.