FCA to Invest up to $1.5 Billion to Build EVs in Windsor
|auto123.com 16 Oct 2020 at 14:17|
The Canadian auto industry received some needed good news yesterday when it learned that the Fiat Chrysler Automobiles (FCA) Group will invest between $1.35 and $1.5 billion in its Windsor, Ontario assembly plant to build electric vehicles.
The news came as part of an interim agreement with Canadian auto workers (Unifor), announced by the union’s national president Jerry Dias on Thursday.
The auto union said FCA will invest in the development of an advanced vehicle platform that will allow for the assembly of plug-in hybrid and all-electric vehicles, and that at least one new model will be available by 2025.
The agreement comes less than a month after Unifor said Ford committed to investing $1.46 billion in its Oakville and Windsor plants.
Said Jerry Dias, “Not only is Fiat-Chrysler maintaining the current portfolio but they will be investing three derivatives to enhance the current portfolio.”
The Unifor boss added that the union expects FCA to extend the life of the Chrysler 300, as well as introduce a number of Dodge Charger and Challenger variants.