Fiat Chrysler to invest $1.5 billion to retool Michigan plant
The plant in Sterling Heights will cease production on the Chrysler 200 in December and retool for the Ram 1500 program.
Fiat Chrysler has announced plans to invest US$1.48 billion in its Sterling Heights plant in Michigan to retool it to build next-generation Ram pickup trucks.
The investment is part of a series of moves by Fiat Chrysler to increase Jeep and Ram production and cease manufacturing of smaller cars.
The automaker confirmed that production of the Chrysler 200 mid-sized sedan would end by December 30 in order to make the plant ready to build the light duty Ram 1500 pickup.
After December 30, the Sterling Heights plant will close so the company can set it up to make Rams. Until it reopens, the company’s truck assembly plant in Warren, Michigan will keep making Rams. Eventually, the Warren plant will be retooled to produce the Jeep Wagoneer or Grand Wagoneer, Fiat Chrysler said.