FCA to invest $4.5 billion in Michigan plants for new Jeep SUV models

Fiat Chrysler Automobiles NV said on Tuesday it will invest $4.5 billion in five plants to build new models of Jeeps, hoping to bolster the brand so it can compete more effectively in the lucrative market for large SUVs currently dominated by rivals General Motors Co and Ford Motor Co.

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Source:: Reuters – Business News