Fiat Chrysler Automobiles said today it plans to spend $1 billion to retool its plants in Toledo, Ohio, and Belvidere, Ill., and create 1,000 new jobs as it shuffles its North American production footprint.
FCA said it will invest $700 million at its Toledo Assembly North Plant to prepare for the next-generation Jeep Wrangler and expand the production capacity of the SUV. The automaker said it plans to add about 700 jobs at that plant.
Ford Motor Co. has filed plans with metro regulators outlining its next series of improvements in its continuing effort to upgrade its Kentucky Truck Plant at Chamberlain Lane and Westport Road.
Ford Motor Land Development Corp. of Dearborn, Mich., a Ford Motor affiliate that undertakes corporate development projects, filed the improvement plans last week with the Metro Department of Planning & Design Services.
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General Motors Corp. plans to invest $290 million to improve technology and processes at its Corvette plant in Bowling Green, Gov. Matt Bevin announced Friday.
The $290 million includes a $153 million new project aimed at improving vehicle assembly line processes. Two ongoing projects at the Warren County plant – a $44 million, 36-job capacity expansion of the Performance Build Center and a $439 million investment in a new paint shop and other facility upgrades – increased by about $137 million.
General Motors and Ford are building the most American-made cars, trucks and SUVs, according to an annual report from American University.
GM and Ford dominated the 2016 Kogod Made in America Auto Index Opens a New Window., which analyzes how much each vehicle relies on domestic parts. The index, compiled by associate professor Frank DuBois at American University’s Kogod School of Business, also takes into account research and development, profit margins and labor, among other items.
ICYMI - FCA US, Ford and GM Lead Kogod Made in America Auto Index
Frank DuBois developed auto index and said, “What I’m trying to do is provide more information to consumers. After a house, a car is the largest purchase decision you’re going to make. If you believe country of origin is a critical part of the decision, this index provides you more information than what you’ll see on a sticker at a dealership.”