FiatChrysler Investment Shows It May Be Strongest Of Detroit 3 A Decade After Bailout

A decade after the Obama administration’ last-minute decision to shepherd Chrysler through a taxpayer-funded bankruptcy and merger with Fiat, the surviving automaker is arguably stronger than either General Motors or Ford.
Tuesday FiatChrysler announced a massive $4.5 billion investment package upgrading six plants in the metro Detroit area, that will preserve or add more than 5,000 jobs. Not only will FCA expand production of the next generation of its Jeep Grand Cherokee and Dodge Durango at its assembly on Detroit’s east side, but Jeep will also launch a new slightly larger SUV with three rows of seats.

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