WARSAW – Fiat Chrysler will make investments greater than $200 million in its plant in Tychy in Poland, the place new hybrid and electrical Jeep, Fiat and Alfa Romeo fashions will probably be constructed, Deputy Prime Minister Jaroslaw Gowin mentioned on Tuesday.
The funding comes as a lift to rising Europe’s largest economic system, which is hoping a change to electrical autos might help its auto sector meet up with regional rivals together with the Czech Republic and Slovakia.
“Fashionable, hybrid and electrical automobiles of the Jeep, Fiat and Alfa Romeo manufacturers will begin to go away the manufacturing unit in Tychy in 2022,” Gowin wrote on Twitter.
Gowin mentioned there could possibly be additional funding within the plant in future however gave no particulars.
Fiat Chrysler, which is planning a $38 billion merger with French rival PSA to create the world’s No.4 carmaker, mentioned in a press release that early preparations for the growth and modernization of the plant began in late 2020.
The plant in Poland’s industrial southern area of Silesia is without doubt one of the firm’s largest and presently employs round 2,500 individuals.
Fiat Chrysler confirmed that new hybrid and electrical Jeep, Fiat and Alfa Romeo fashions could be inbuilt Tychy.
It mentioned the purpose was to start out mass manufacturing of the primary of the three new passenger automotive fashions for the group’s manufacturers within the second half of 2022.
Underneath a 2018-2022 plan, FCA pledged to take a position 9 billion euros in electrification as a part of funding plans totaling 45 billion euros.
(Reporting by Alan Charlish and Agnieszka Barteczko in Warsaw, Silvia Recchimuzzi in Gdansk; enhancing by Jason Neely and Susan Fenton)
