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Old Posted Oct 20, 2019, 6:03 PM
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dc_denizen dc_denizen is offline
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Join Date: Oct 2005
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meanwhile in the rust belt:

FCA to open Jeep factory in Detroit, invest $4.5 billion in southeast Michigan

https://www.freep.com/story/money/ca...uv/2989129002/

Quote:
Detroit will get a Jeep factory, the Motor City’s first new auto assembly plant in a generation, as part of a $4.5 billion manufacturing expansion in southeast Michigan by Fiat Chrysler that will mean nearly 6,500 new jobs, the company announced Tuesday.

FCA said it would convert the Mack Avenue Engine factory to an assembly plant for the next-generation Jeep Grand Cherokee and a new, large Jeep SUV. In all, the company said it will add production at five factories in metro Detroit.

“This is the way the city of Detroit fights unemployment and poverty,” Mayor Mike Duggan said of the Mack Avenue assembly plant. “Standing here today, to be back in the city of Detroit, is truly remarkable.”

Market economist Jon Gabrielsen, who consults in the auto industry, called the plan "an absolutely huge commitment on the part of FCA; $4.5 billion is over half of FCA’s average annual global capital investment being spent in just one city.”

Gov. Gretchen Whitmer concurred, noting that the economic impact was broad.
GM to invest $3 billion at Detroit-Hamtramck for electric truck

https://www.detroitnews.com/story/bu...ck/4017189002/

Quote:
eneral Motors Co. would invest $3 billion into Detroit-Hamtramck Assembly for electric trucks and vans under the tentative agreement with the United Auto Workers, according to pages of the agreement obtained by The Detroit News.

Overall, the Detroit automaker would invest $5.7 billion into five plants and $2 billion into U.S. plant refurbishments over the life of the four-year deal. The $7.7 billion commitment represents 9,000 new and retained jobs. The details were not disclosed in a union summary of the agreement.
Quote:
Wentzville Assembly in Missouri would receive a $1.5 billion investment to build the next-generation of mid-size pickup trucks, which would retain 2,000 jobs. The plant currently builds the Chevrolet Colorado and GMC Canyon mid-size trucks and the Chevrolet Express and GMC Savana full-size vans.
although I'm pissed about Lordstown assembly, my next door neighbor growing up worked there (thanks americans, for disdaining american made vehicles).

maybe one of our great silicon valley gnostic capitalists can buy the factory for high-volume electric car production.
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