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Fiat Chrysler investing more in plant, giving bonuses for tax reform

Published 01/11/2018, 06:03 PM
© Reuters.  Fiat Chrysler investing more in plant, giving bonuses for tax reform
GM
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STLAM
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  • Fiat Chrysler (NYSE:FCAU) is out with its reaction to successful tax reform, boosting investment in Michigan and offering employee bonuses.
  • The company will invest more than $1B to modernize a plant, on top of a previous $1B investment there, CNBC says.
  • It will also add 2,500 new jobs and give $2,000 bonuses to some 60,000 of its hourly and salaried workers in the U.S.
  • Shares closed up 7.2% during the market session today.
  • Now read: Will Ford, General Motors (NYSE:GM) Or Fiat Chrysler Win The Race For Pickup Truck Market Share And Profits?


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