Detroit Agrees To Pay $107.6 Million To Buy Land For New Fiat Chrysler Plant
The city of Detroit said on Friday it agreed to pay $107.6 million for nearly 215 acres of land needed to construct a new $1.6 billion Fiat Chrysler Automobiles assembly plant.
Highlights
The city of Detroit said on Friday it agreed to pay $107.6 million for nearly 215 acres of land needed to construct a new $1.6 billion Fiat Chrysler Automobiles assembly plant.
The automaker also plans to invest $900 million to retool and modernize its Jefferson North Assembly Plant, enabling the creation of nearly 5,000 new jobs, the Mayor's office said.
The cost of purchasing the land will be split between Detroit and the state of Michigan.
Earlier in the day, FCA said new U.S. pickup truck models would help achieve its 2019 profit targets and offset a weak performance in the first quarter.
Stay updated with automotive news and reviews right at your fingertips through carandbike.com's WhatsApp Channel.
Great Deals on Used Cars
View All Used Cars8.0
2016 Maruti Suzuki Wagon R
- 46,324 km
- Petrol
- AMT
Rs. 3.85 Lakh
Car Choice Exclusif Amberhai, New Delhi
8.5
2020 Maruti Suzuki Wagon R
- 35,000 km
- Petrol+CNG
- Manual
Rs. 5.75 Lakh
₹ 12,878/month
Car Choice Exclusif Amberhai, New Delhi
8.7
2023 BMW X3
- 19,000 km
- Diesel
- Automatic
Rs. 64.5 Lakh
Car Choice Exclusif Amberhai, New Delhi
7.7
2019 Mahindra Alturas G4
- 16,178 km
- Diesel
- Automatic
Rs. 23.5 Lakh
Car Choice Exclusif Amberhai, New Delhi
8.4
2019 Honda Amaze
- 19,798 km
- Petrol
- Manual
Rs. 5.75 Lakh
₹ 12,878/month
INDRAPRASTHA AUTOMOBILES PVT. LTD. New Delhi
8.8
2022 Maruti Suzuki Brezza
- 5,903 km
- Petrol
- Manual
Rs. 1.22 Crore
₹ 2,72,118/month
INDRAPRASTHA AUTOMOBILES PVT. LTD. New Delhi
8.4
2021 Mahindra XUV700
- 29,070 km
- Diesel
- Manual
Rs. 22.5 Lakh
₹ 50,392/month
INDRAPRASTHA AUTOMOBILES PVT. LTD. New Delhi
8.9
2021 Hyundai Venue
- 13,870 km
- Petrol
- Manual
Rs. 7.75 Lakh
₹ 16,387/month
INDRAPRASTHA AUTOMOBILES PVT. LTD. New Delhi
8.4
2018 Maruti Suzuki Wagon R
- 55,000 km
- Petrol+CNG
- Manual
Rs. 4.85 Lakh
₹ 10,862/month
Car Choice Exclusif Amberhai, New Delhi
8.8
2022 Mahindra Thar
- 6,862 km
- Diesel
- Automatic
Rs. 17.25 Lakh
₹ 36,481/month
Car Choice Exclusif Amberhai, New Delhi
Upcoming Cars
Upcoming Bikes
Explore More
Latest News
Related Articles
Trending Vehicles In India
- Home
- News
- Auto Industry
- Detroit Agrees To Pay $107.6 Million To Buy Land For New Fiat Chrysler Plant