MiMfg Magazine May 2019 | Page 24

24 MiMfg Magazine May 2019 MFG @ Work What’s Happening in Michigan Manufacturing FCA Commits $4.5B to Michigan Manufacturing, Create 6,500 New Jobs Fiat Chrysler Automobiles (FCA) announced plans last month to invest a total of $4.5 billion in five existing Michigan plants and develop a new assembly plant in Detroit. According to the MMA’s member company’s press release, the move would increase capacity to meet growing demand for its Jeep® and Ram brands, including FCA’s new Mack Avenue Assembly Complex, rendering pictured here, will be a $1.6 billion investment capable of supporting 3,850 new jobs! production of two new Jeep- branded white space products, as well as electrified models. $1.5 billion for production of Dow Separates The proposed projects would an all-new Jeep Wagoneer from DowDuPont create nearly 6,500 new jobs. and Grand Wagoneer, and MMA member company Dow “Three years ago, FCA set a the continued assembly of the successfully completed its separation course to grow our profitability based Ram 1500 Classic, requiring from DowDuPont on 4/1/19, on the strength of the Jeep and Ram an additional 1,400 new jobs positioning the company to drive brands by realigning our U.S. • $900 million invested at Jefferson revenue growth in three consumer- manufacturing operations,” said North to retool and modernize driven segments: packaging, Mike Manley, Chief Executive the plant for continued production infrastructure and consumer care. Officer, FCA N.V. “Today’s of Dodge Durango and next- announcement represents the next “Today marks the beginning generation Jeep Grand Cherokee, step in that strategy. It allows Jeep of a new and exciting chapter for anticipating 1,100 new jobs to enter two white space segments Dow,” said Jim Fitterling, Dow’s • $400 million in total investment that offer significant margin chief executive officer. “The changes to the Sterling Stamping and opportunities and will enable new we have made to Dow’s portfolio, Warren Stamping plants to electrified Jeep products, including cost structure and mindset are support additional production, at least four plug-in hybrid vehicles significant. The new Dow is a potentially creating approximately and the flexibility to produce fully more focused and streamlined 80 new jobs battery-electric vehicles.” company with a clear playbook to deliver long-term earnings In the official announcement, • A $119 million investment growth and value creation for the total investment included: to relocate Pentastar engine all stakeholders.” production from Mack I to • $1.6 billion to convert the Fitterling continued, saying the Dundee Engine Plant Mack Avenue Engine Complex that “Team Dow is well positioned into a manufacturing site for Combined with previous to achieve our ambition of becoming the next-generation Jeep Grand announcements, FCA’s total the most innovative, customer- Cherokee and an all-new committed investments in the centric, inclusive and sustainable three-row full-size Jeep SUV, U.S. grow to nearly $14.5 billion materials science company. We have creating 3,850 new jobs since 2009, with nearly 30,000 all the tools in place to innovate jobs created to date. • Increasing the existing 2017 more quickly, to operate more Warren Truck investment to productively, and to invest more