Fiat Chrysler began refitting factories to produce electrified Jeep

Fiat Chrysler began refitting factories to produce electrified Jeep

February 27, 2019 0 By autotimesnews

Fiat Chrysler Automobiles intends to invest $ 4.5 billion in five of its plants in Michigan.

Part of this money will go to the development and production of hybrid and all-electric Jeep.

The new investment plan FCA provides that the company will undertake the production of rechargeable models, and in the future, all-electric cars.

“Three years ago, FCA set out to increase our profitability, relying on the strength of the Jeep and Ram brands, through the restructuring of manufacturing operations in the United States. The current statement represents the next step in this strategy. This allows the Jeep to enter two segments of empty space. As a result, the company will not only increase profits, but will also start creating new electrified Jeep models, ”said FCA N.V CEO Mike Manley.

In this case, by 2022, the company intends to release at least 10 hybrid Jeep and four more fully electric models.

As previously reported by Autogeek, Volvo Cars introduced an updated version of the XC90 SUV – the company’s flagship model – with an innovative, fuel-efficient engine. It will mark the next step in an ambitious electrification strategy. The updated XC90 will be equipped for the first time with a modified kinetic energy recovery system in combination with existing internal combustion engines.