FCA US ANNOUNCES INVESTMENTS IN ILLINOIS AND OHIO FACILITIES

July 15, 2016 by FCA

◾Investments in assembly plants total more than $1 billion

◾1,000 new jobs to be created

◾Plants will be retooled to support growth of Jeep® brand

◾Brings total U.S. investment to more than $6.8 billion with more than 23,500 jobs created since June 2009

July 14, 2016 , Auburn Hills, Mich. - FCA US LLC today announced that it will invest more than $1 billion in its assembly plants in Illinois and Ohio to retool them to support the future growth of the Jeep® brand. As a result of these investments, 1,000 new jobs will be created, subject to market conditions.

The Belvidere Assembly Plant (Ill.) will receive an investment of $350 million to produce the Jeep Cherokee, which will move from its current production location in Toledo, Ohio, in 2017. Approximately 300 new jobs will be created. Production of the Dodge Dart and the Jeep Compass/Jeep Patriot will end in September 2016 and December 2016, respectively.

The Company will also invest $700 million in the Toledo Assembly Complex (Ohio) to retool the North plant to produce the next generation Jeep Wrangler. Approximately 700 new jobs will be added. An announcement regarding the future of the South plant will be made at a later date.

These production actions are subject to the formal approval of incentives by state and local entities.

Since 2009, FCA US has announced investments of more than $6.8 billion and added more than 23,500 (including nearly 18,000 hourly) people in its U.S. operations.