The Republican-backed tax reform bill is the gift that keeps on giving.
Chrysler, one of the historic “Big 3” American automakers, is moving a factory back from Mexico to Michigan, and are citing tax reform as the reason why.
Sergio Marchionne, the CEO of Fiat Chrysler — the parent company of Chrysler — announced that the company would start producing heavy-duty trucks in Michigan, instead of Mexico.
Marchionne explained that the company was moving the manufacturing to reflect an “improvement in the U.S. business environment” — namely, the reduction in corporate taxes from 35% to 21% through the tax reform bill.
The Warren Truck Assembly plant will produce the Ram Heavy Duty Truck, beginning in 2020, adding 2,500 new jobs and more than $1 billion to the local economy.
Chrysler has also decided to pay substantial bonuses of $20,000 to 60,000 hourly and salaried U.S. employees. This includes everyone on their payroll except senior executives.
AAN Staff
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