Fiat Chrysler will build two factories in the u.s. and, by 2020, to move to the US building cars that currently produces in Mexico. The investment millionaire will allow for the creation of 2000 new jobs.
The announcement was made this Monday by the carmaker and it happens a week after Ford had canceled the plans in Mexico to promote the creation of jobs in the United States.
the design of The Fiat is not much different. The carmaker intends to invest a billion dollars in its factory in Michigan that this has the capacity to build new versions of the Jeep Wagoneer and the Gran Wagoneer. In addition, you want to restructure the factory in Ohio where it will come out a new model for the pickup of the Jeep.
"The additional benefit of the investment of Warren (Michigan) is that it will allow the factory to produce the heavy vehicle Ram which currently produces in Mexico," said brand in a statement, without detailing whether this passage will withdraw the production of Mexico or just supplement.
The group recalls that it has programmed, since 2009, an investment 9600 million dollars in the factories of north american and the creation of 25 thousand jobs.
A threat with the results
last week, Ford ensured that there were no agreements or pressures, but has decided to cancel an investment of $ 1.6 billion dollars in Mexico to bet on in the factory of Michigan, in the United States of America.
The decision came just a few days after the president-elect, via Twitter, threatened to "punish" the General Motors with a "large customs fee" when the manufacturer to import cars manufactured outside.
"General Motors has decided to produce the model Chevy Cruze in Mexico… to produce us in the us, or to pay a large fee," said Trump, who will be at the helm of the largest economy in the world on the 20th of January.
During the election campaign, Trump had already done a marking close to the car manufacturers, who have in Mexico the largest ecosystem of manufacturing in the world. Threatened to even rip the treaty of free trade that the country maintains with Mexico since 1994, and has promised to block the exit of remittances, an important source of liquidity in that economy.
The automotive industry in mexico, where also some Portuguese companies have been the sign, represents 3% of Mexico’s GDP, and the decision of the Ford felt immediately in the mexican peso, which fell to a record low. The production of north american companies represents 80% of mexico’s exports and more than half of foreign direct investment in the country.
analysts warn of the risk of a strong fall of the investment before the warnings from Donald Trump for the companies to produce more at home, and warn that inflation could rise suddenly in Mexico. At this time, the consumer price index is around 4%.
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