Fiat Chrysler Automobiles NV said on Tuesday it will invest US$4.5 billion in five plants and create 6,500 jobs in Michigan, including turning an ...
DETROIT: Fiat Chrysler Automobiles NV said on Tuesday it will invest US$4.5 billion in five plants to build new models of Jeeps to compete more effectively in the lucrative market for full-size three-row SUVs currently dominated by rivals General Motors Co and Ford Motor Co.
He added that 60 percent of SUV sales are for three-row models"and we don't have a three-row offering... and this is a segment that I've been very interested in for some time." The automaker said the plans included investments to enable three Michigan plants to produce hybrid and fully electric Jeep models. Manley said those hybrid models or electric models could be available as soon as late 2021, but will be rolled out based on consumer demand.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UAE's ADNOC seals US$4 billion pipeline infrastructure deal with KKR, BlackRockAbu Dhabi National Oil Company (ADNOC) has sealed a US$4 billion midstream pipeline infrastructure deal with U.S. investment firms KKR and ...
Read more »
Japan government, Fukushima operator told to pay US$3.8m over nuclear disasterTOKYO: A Japanese court on Wednesday (Feb 20) awarded nearly US$4 million (S$5.41 million) in fresh damages to scores of residents forced to flee ...
Read more »
Fed’s policy pause sets stage for broad overhaul: ReportNEW YORK When Federal Reserve policymakers last month put a three-year rate-hike campaign on hold and backed ending a yearlong push to shrink their US$4 trillion (S$5.4 trillion) balance sheet, they cited increased risks to US economic growth and the need for more time to sort...
Read more »
Daimler, BMW to invest more than 1 billion euros in mobility servicesGerman carmakers Daimler and BMW deepened their cooperation on Friday by unveiling a combined ride-hailing, parking and electric car charging ...
Read more »
Daimler, BMW to invest more than 1 billion euro in mobility servicesGerman carmakers Daimler and BMW deepened their cooperation on Friday by unveiling a combined ride-hailing, parking and electric car charging ...
Read more »
Daimler, BMW to invest 1 billion euros in venture to rival UberGerman carmakers Daimler and BMW deepened their cooperation on Friday by unveiling a combined ride-hailing, parking and electric car charging ...
Read more »
Daimler, BMW to invest 1 billion euros in venture to rival UberGerman carmakers Daimler and BMW unveiled a joint ride-hailing, parking and electric car charging business on Friday to compete with mobility ...
Read more »