Fiat Chrysler to Move Some Truck Production to Michigan

Auto maker to invest $1 billion in maneuver to help lower risks related to possible Nafta changes

Fiat Chrysler Automobiles NV said Thursday it would invest $1 billion to move production of profitable trucks from Mexico to Michigan, a move that will significantly lower the auto maker’s exposure to potential changes to the North American Free Trade Agreement.

The company also said it would pay out $2,000 to approximately 60,000 hourly and salaried employees in the wake of U.S. corporate tax reform. The payout follows moves by other companies, but is the first prominent bonus for auto industry employees.

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