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Fiat Chrysler announces $1 billion investment in US plants

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WATCH ABOVE: Donald Trump already influencing the U.S. auto industry – Jan 4, 2017

DETROIT  – Fiat Chrysler Automobiles said on Sunday that it would invest $1 billion to retool and modernize two plants in the U.S. Midwest, including one that would be able to make the Ram heavy-duty pickup truck currently produced in Mexico. The automaker said the investment would create more than 2,000 production-related jobs. The company also said it planned to add three new Jeep models, including a pickup truck, to its product lineup.

The announcement comes as U.S. Republican President-elect Donald Trump has threatened to slap large tariffs on vehicles imported into the United States from Mexico.

WATCH: Autotrader analyst reacts to Trump’s threat to impose ‘border tax’ on GM vehicles made in Mexico

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Autotrader analyst reacts to Trump’s threat to impose ‘border tax’ on GM vehicles made in Mexico – Jan 3, 2017

FCA said it would add two big SUVs, Jeep Wagoneer and Jeep Grand Wagoneer, as well as the Jeep pickup truck to its lineup.

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READ MORE: Ford nixes planned $1.6B Mexico plant following criticism from Donald Trump

U.S. consumers have increasingly shifted toward SUVs and pickup trucks and away from sedans in recent years.

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