Morning Jolt: Most Other Presidents Would Be Touting This News for Weeks

Just think, this is the sort of thing that the president could be talking about if he would just stop shooting himself in the foot:

Fiat Chrysler Automobiles is feeling good about tax reform. So good that it says it's moving some of its truck production from Mexico to Michigan.

The automaker announced Thursday that it will spend more than $1 billion to revamp its Warren Truck Assembly Plant, which will start making the Ram heavy-duty truck in 2020. The truck is currently made in Saltillo, Mexico.

Fiat Chrysler said it will add 2,500 jobs in Michigan to support the move.

The company also said it's giving one-time $2,000 bonuses to 60,000 U.S. workers.

"It is only proper that our employees share in the savings generated by tax reform and that we openly acknowledge the resulting improvement in the U.S. business environment by investing in our industrial footprint accordingly," CEO Sergio Marchionne said in a press release.

Fiat Chrysler said it does not plan to shut ...

January 12 2018

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Most Other Presidents Would Be Touting This News for Weeks

Jim Geraghty

Just think, this is the sort of thing that the president could be talking about if he would just stop shooting himself in the foot:

Fiat Chrysler Automobiles is feeling good about tax reform. So good that it says it's moving some of its truck production from Mexico to Michigan.

The automaker announced Thursday that it will spend more than $1 billion to revamp its Warren Truck Assembly Plant, which will start making the Ram heavy-duty truck in 2020. The truck is currently made in Saltillo, Mexico.

Fiat Chrysler said it will add 2,500 jobs in Michigan to support the move.

The company also said it's giving one-time $2,000 bonuses to 60,000 U.S. workers.

"It is only proper that our employees share in the savings generated by tax reform and that we openly acknowledge the resulting improvement in the U.S. business environment by investing in our industrial footprint accordingly," CEO Sergio Marchionne said in a press release.

Fiat Chrysler said it does not plan to shut ...

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