Hyperdrive
Fiat Chrysler to Invest Up to $1.1 Billion On Canada EVs
- Automaker reaches tentative agreement with over 9,000 workers
- Fiat to add electric-vehicle platform at Windsor plant in 2024
Photographer: Jeff Kowalsky/Bloomberg
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Fiat Chrysler Automobiles NV agreed to invest as much as $1.1 billion (C$ 1.5 billion) in one of its two assembly plants in Canada as part of a tentative agreement reached with more than 9,000 local autoworkers.
Unifor, which represents about 20,000 workers at Canadian auto facilities, said Fiat Chrysler agreed to spend between C$1.35 billion and C$1.5 billion on a new electric-vehicle platform that will be produced at its Windsor, Ontario, assembly plant starting in 2024. The investment means 2,000 jobs will be added at the plant, which laid off 1,500 people earlier this year.