Fiat Chrysler (FCA) plans USD166 million investment in US stampings plant
Three new press lines are already under construction and are expected to begin production in the fourth quarter
Fiat Chrysler Automobiles (FCA) has announced a USD166-million investment at its Sterling stamping plant, also in Michigan. The investment will be in three new press lines "to support increased product demand", a company statement said. The new press lines are already under construction and are expected to begin production in the fourth quarter and reach full volume in the first half of 2016. According to a company statement, the Sterling stamping plant produces body panels and assemblies for several FCA products, including the Jeep Grand Cherokee, Cherokee, Compass, and Patriot; the Ram truck; the Dodge and Chrysler minivans; the Dodge Dart and Durango; and the Chrysler 200.
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