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The original item was published from 9/27/2016 4:57:39 PM to 10/19/2016 2:14:11 PM.

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Posted on: September 27, 2016

[ARCHIVED] FCA US Announces 700 new jobs in addtion to 1.5 billion captial investment in SHAP

Today, FCA US LLC announced it will create 700 new jobs at the Sterling Heights Assembly Plant when the Ram 1500 production begins.

Today, FCA US LLC announced it will create 700 new jobs at the Sterling Heights Assembly Plant when the Ram 1500 production begins. On July 26th, FCA US previously announced a $1.48 billion investment at the Sterling Heights Assembly Plant (SHAP) to produce the next-generation Ram 1500 pickup truck beginning in 2018. This announcement marks nearly $3 billion FCA US has invested in Sterling Heights since 2011.

The Michigan Strategic Fund today approved a Business Development Grant for
the Auburn Hills-based automaker, which is part of the overall incentive package
in partnership with the City of Sterling Heights and Macomb County, to secure
this investment. The FCA US reviewed other possible Midwest production
locations.

From an all but certain closure in December 2010, SHAP has been transformed
into a world-class, state-of-the-art automotive manufacturing facility in five short
years. This transformation is the product of FCA US willingness to invest over a
billion in Sterling Heights, a business decision made easier due to the
determination and financial commitments by Sterling Heights and its stakeholders
to keep SHAP open.

“The city is very excited to learn the $1.48 billion investment at SHAP will be
accompanied by 700 new jobs in the City,” said Mayor Michael C. Taylor. “The
economic impact from these new well paying jobs, not to mention thousands of
jobs preserved at both Sterling Stamping and SHAP, equates to millions of dollars in the local and regional economy. We are grateful for FCA’s long term
commitment to Sterling Heights.”

"It's incredible what's happened in the last few months, said Macomb County
Executive Mark A. Hackel. "FCA is committed to our community and our
workforce."

Sterling Heights continues to see manufacturing and tech investment in its
industrial corridor, aptly named the Sterling Innovation District. The industrial
vacancy rate in Sterling Heights is currently under 1 percent. The City’s property
values increased 15 percent in 2015 and 10 percent in 2016. The City expects
this positive development momentum to continue for the at least the next few
years.

Media with questions or those looking to schedule an interview can contact
Sterling Heights Community Relations Director Bridget Doyle at (586) 446-2471
and bdoyle@sterling-heights.net

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