The company also plans to pay $2,000 bonuses this spring to about 60,000 hourly and salaried US employees.
The automaker further said it would award $2,000 bonuses to each of its 60,000 hourly and salaried employees in the US.
The plant changeover will be done by 2020. Bringing production stateside will ultimately create 2,500 new jobs in the USA, according to FCA. Currently FCA produces Ram Heavy Duty at one of its plants Saltillo, Mexico.
FCA's announcement gave the automaker an early leg up on attention from the Detroit auto show.
Chief executive, Sergio Marchionne, said in a statement that the declarations demonstrate our continuing devotion to our USA assembling footprint and the devoted employees who have provided to the FCA's success. The automaker has retooled the nearby Sterling Heights Assembly Plant to handle the all-new 2019 Ram 1500 light-duty version of its full-size pickup. The Mexican plant will be "repurposed to produce future commercial vehicles" for sale global markets.
Chances of U.S. leaving NAFTA must be taken seriously: Canada
Trade officials from Mexico, Canada and the United States have put a March deadline on completing negotiations on NAFTA. Discussions to redraft the 23-year old trade pact between Mexico, Canada and the USA have been thorny.
The company said it has invested $10 billion in its US manufacturing operations since June 2009. That's part of a broader plan that included shifting Jeep Cherokee production from Toledo to Belvidere, Ill. The recall includes almost 154,000 vehicles in the United States and more than 8,000 others around the world, but the company did not immediately say when the new software would be available.
"This has become somewhat of a Ram country here in Macomb County if you think about it because this is where it's being built. and they're bringing them up from Mexico", Hackel said. FCA said this was on top of a large investment at the Warren factory announced past year. More than 700 new jobs will be added to support production.
I wasnt too excited about President Trumps tax cut, but this clearly is a residual benefit of that, Fouts said.
The entire industry increased production in Mexico by 13 percent a year ago, while decreasing in Canada and the USA due to decelerating US market.
Trump is also seeking to revamp the North American Free Trade Agreement (Nafta) with Canada and Mexico, and has encouraged United States businesses to bring jobs back home from across the southern border.
Thursday's announcement was the second major auto factory news in as many days. There was no breakdown by facility, but that billion-dollar investment will also add 2,000 jobs between the two plants.