Making America Great Again: Fiat Chrysler to move jobs back from Mexico

Another company has announced they are moving manufacturing back to US because of Donald Trump’s tax changes:

USA Today reports:

Citing President Trump’s and Congress’ new tax law, Fiat Chrysler Automobiles said Thursday that it’s going to move some of its production back from Mexico. 

Fiat Chrysler Automobiles will invest more than $1 billion to modernize the company’s Warren Truck Plant in metro Detroit, adding 2,500 jobs and moving production of its Ram Heavy Duty trucks from Mexico.

The changeover is to be complete in 2020.  

The company said that the new federal tax law made the shift possible. That legislation, signed into law in December, cut the corporate tax rate from 35% to 21%.

Fiat Chrysler also announced $2,000 bonuses that will be paid in the second quarter of this year to 60,000 hourly and salaried employees in the U.S., excluding senior leadership. Those bonuses are to be in addition to any profit sharing or performance bonuses the employees would receive this year.

“These announcements reflect our ongoing commitment to our U.S. manufacturing footprint and the dedicated employees who have contributed to FCA’s success,” Fiat Chrysler CEO Sergio Marchionne said in a statement. “It is only proper that our employees share in the savings generated by tax reform and that we openly acknowledge the resulting improvement in the U.S. business environment by investing in our industrial footprint accordingly.”

Wonder no more why Trump’s popularity amongst the working classes is soaring. He’s delivering jobs into areas long forgotten by other politicians.

Natalie Farquhar of Port Huron, Mich., who works as a laborer, was thrilled by the announcement.

“Wow! Wow, that’s great. That’s wonderful,” Farquhar said, noting that the investment and bonuses tell her the company is doing well. She said she is hopeful the company will also start making full-time hires of the many temporary workers she knows of at numerous Fiat Chrysler plants.

“I’m thinking that’s really good. A lot of these people who’ve been putting time in and working will be getting hired and getting full-time positions,” Farquhar said.

Asked what she will do with her bonus, Farquhar laughed and said she might opt to help out the economy by making a down payment on a pontoon boat.

Who knew lowering taxes would have such a massive effect? Certainly not Democrats who opposed all the changes of Donald Trump.

Certainly not our own government who are looking at ways to increase taxes.

Meanwhile the media focuses on what Donald Trump eats.

 

-USA Today


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

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