Home / Car Brands / Fiat Chrysler will invest up to $1.5 billion to build EVs in Windsor

Fiat Chrysler will invest up to $1.5 billion to build EVs in Windsor


Fiat Chrysler Automobiles will invest between $1.35 billion and $1.5 billion in its Windsor assembly plant in Canada to build electric vehicles as part of a tentative deal with Canadian autoworkers, Unifor National President Jerry Dias said on Thursday.

The auto union said FCA would invest in a state-of-the-art vehicle platform that will enable the assembly of plug-in hybrid and battery electric vehicles, with at least one new model in 2025.

The announcement comes less than a month after Unifor said Ford would invest $1.46 billion in its Oakville and Windsor plants.

“Not only is Fiat-Chrysler maintaining the current portfolio but they will be investing three derivatives to enhance the current portfolio,” Dias said.

Unifor also said it expects to extend the life of the Chrysler 300, a rear-wheel-drive luxury car and introduce multiple derivatives of the Dodge Charger and Challenger.

The union said as many as 2,000 jobs would be added in 2024 at the Windsor plant.

Market forecasting firm LMC Automotive on Thursday said it would take until 2024 for U.S. vehicle sales to recover from the coronavirus downturn and get close to the 17 million vehicles sold in 2019.

Ratification meetings for the FCA deal will happen over the weekend, and members will vote on whether to accept the agreement on Sunday.

The union is expected to begin negotiations with General Motors’s Canadian unit next week.

Related Video:




Source link

Check Also

Volvo’s Subscription Program Now Lets You Swap Cars Every Four Months

Some luxury automakers have started offering subscription services in very limited areas in recent years, ...

Leave a Comment:

Your email address will not be published. Required fields are marked *