Michigan Gives Fiat Chrysler $4.6M Incentive To Retool Sterling Heights Plant

LANSING (AP) – Michigan is giving Fiat Chrysler nearly $4.6 million in incentives to retool a suburban Detroit factory so it can make Ram pickup trucks as part of a plan to add 700 jobs.

The Michigan Strategic Fund approved the performance-based grant Tuesday, saying the automaker could have built a new assembly plant “anywhere in North America” or moved Ram production to existing plants in Illinois or Ohio.

The incentive is part of Fiat Chrysler’s previously announced investment in July of $1.5 billion to retool its Sterling Heights Assembly Plant. The factory makes the Chrysler 200 midsize car, but that production will end in December.

Fiat Chrysler, whose U.S. headquarters is in Auburn Hills, has an existing state tax credit through 2029 for up to 27,000 retained jobs in Michigan.

© Copyright 2016 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.


Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Detroit

Best Fall Festivals In Metro DetroitFrom music to art to special events, there's a little something for everyone's delight.
Best 4th Of July Concerts In Metro DetroitStaying home this weekend? Celebrate the 4th of July by rocking out at one of these shows.

Watch & Listen