Here we go again.
Another major car manufacturing company announced plans to invest a billions of dollars in the U.S. economy and provide jobs to thousands of Americans.
FCA, the U.S. automaker of Fiat-Chrysler, announced on Sunday that it would invest a total $1 billion in plants in Michigan and Ohio, and will add 2000 new jobs in the United States.
The announcement came days after Ford Motor Company decided to cancel plans in Mexico and instead build a plant in Michigan. Ford’s CEO cited demand, rather than the policies of President-elect Donald Trump, who has vowed to impose a “border tax” on companies that send jobs abroad.
The move “is a continuation of the efforts already underway to increase production capacity in the U.S.on trucks and SUVs to match demand,” the company said, adding that it would help solidify the U.S. as “a global manufacturing hub.”
Full story: Fiat Chrysler to invest $1 billion in Michigan and Ohio plants, create 2000 American jobs https://t.co/OkuWt5AhlA
— CNBC Now (@CNBCnow) January 8, 2017
Five days later, Trump announced that Japan’s SoftBank had agreed to invest $50 billion in the United States and create 50,000 more jobs for Americans. He announced the deal after meeting with SoftBank CEO Masayoshi Son, a Japanese billionaire and technology investor.