Fiat Chrysler to build 3 new Jeeps, create 2,000 jobs in US

Fiat Chrysler announced it will invest $1 billion in two U.S. factories and will create 2,000 new jobs.

The Italian American automaker said Sunday it will also add three new Jeeps to its automotive lineup.

SOCIAL MEDIA: FOLLOW REPORTER KARA DRISCOLL ON TWITTER

The automaker will use the investment to modernize a factory in Warren, Mich., to make the new Jeep Wagoneer and Grand Wagoneer SUVs. A factory complex in Toledo, Ohio, will also get new equipment to make the new pickup truck.

READ THE FULL REPORT HERE

The factory work would be finished in 2020. The company did not provide details about the new products. The factory upgrade in Warren will also allow the plant to make Ram pickups that are currently produced in Mexico.

The company did not share details about how much money or how many jobs will go to each location.

The Associated Press contributed to this report.

FIVE QUICK BUSINESS READS:

» Rollandia Golf Course to remain open through summer

» Is your job on the list? 10 jobs most likely to disappear

» After Southwest departure, what's next for Dayton airport?

» The Limited to close all brick-and-mortar stores

» Kmart, Sears stores to close in Ohio

In Other News

Party City closing all stores after nearly 40 years in business

Big Lots to close all of its local, national stores: Sales to start...

WOMEN IN BUSINESS: Kelly Gray, Hot Head Franchising dba Hot Head...