FCA to invest $1 billion in U.S. plants, make Jeep pickup truck


Fiat Chrysler Automobiles said on Sunday that it will invest $1 billion on retooling and modernizing two plants in the Midwestern U.S., one of which will be able to produce the Ram heavy-duty pickup truck currently produced in Mexico.

The automaker said the investment will create more than 2,000 production-related jobs. The company also said it planned to add three new Jeep models to its product lineup, including a pickup truck.

(Reporting by Bernie Woodall and Nick Carey; Editing by Alan Crosby)