Fiat Chrysler to spend 755 million zlotys in Poland, claims Deputy PM By Reuters

WARSAW (Reuters) – Italian-American carmaker Fiat Chrysler will certainly spend 755 million zlotys ($203.99 million) in its plant in Tychy in Poland, where brand-new crossbreed as well as electrical Jeep, Fiat as well as Alfa Romeo versions will certainly be developed, Deputy Prime Minister Jaroslaw Gowin stated on Tuesday.

The financial investment comes as an increase to arising Europe’s biggest economic climate, which is really hoping a button to electrical automobiles can aid its automobile industry overtake local opponents consisting of the Czech Republic as well as Slovakia.

“Modern, hybrid and electric cars of the Jeep, Fiat and Alfa Romeo brands will start to leave the factory in Tychy in 2022,” Gowin created on Twitter.

Gowin stated there might be more financial investment in the plant in future yet offered no information.

Fiat Chrysler, which is intending a $38 billion merging with French competing PSA to develop the globe’s No.4 carmaker, stated in a declaration that early prep work for the growth as well as modernisation of the plant began in late 2020.

The plant in Poland’s commercial southerly area of Silesia is just one of the business’s biggest as well as presently uses around 2,500 individuals.

Fiat Chrysler verified that brand-new crossbreed as well as electrical Jeep, Fiat as well as Alfa Romeo versions would certainly be integrated in Tychy.

It stated the purpose was to begin automation of the very first of the 3 brand-new automobile versions for the team’s brand names in the 2nd fifty percent of 2022.

Under a 2018-2022 strategy, FCA vowed to spend 9 billion euros in electrification as component of financial investment strategies amounting to 45 billion euros.

(This tale formally fixes heading as well as very first paragraph to review 755 million zlotys (not 2 billion euros) after replacement PM changed his tweet)