Fiat Chysler invests $ 1.5 billion in the production of electric vehicles

Fiat Chysler invests $ 1.5 billion in the production of electric vehicles

October 16, 2020 0 By autotimesnews

Investments will be directed to the Canadian plant of the concern in Winsore

The Canadian union announced an agreement with FCA (Fiat Chrysler) to invest $ 1.35 billion to $ 1.5 billion to retool a plant in Windsor, near Chrysler’s Detroit hometown.

This money will go towards organizing the production of cars on the new platform, which will be fully electric or rechargeable hybrids. The first of the new models will appear no later than 2025. The union stressed that the production of electric vehicles will create an additional 2 thousand jobs at the plant.

Earlier, Ford announced an investment in the production of electric vehicles in Canada, which also reached the necessary agreement with the union. Workers now hope to convince the third American auto giant, General Motors, to follow the lead of its competitors and also build electric vehicles in Canada.

In Europe, FCA works closely with the PSA group, which includes Peugeot, Citroen, DS and Opel. It is obvious that electric cars for the European market under the Fiat brand will be produced on the new French platform.

However, for North America, this compact architecture may not work. So it is logical to assume that Canada will start producing larger cars on a unique platform under the Chrysler and Jeep brands. The same architecture can be borrowed by the European premium brands included in the FCA: Alfa Romeo, Lancia and Maserati.