Fiat Chrysler Automobiles (FCA) will not be making cars in the U.S. by early next year.
Fiat Chrysler’s U.S. plants are going to focus on pickups and SUVs for the Ram and Jeep brands.
To be more exact, Fiat Chrysler is winding down production of the Chrysler 200 and Dodge Dart and will mostly produce Jeep SUVs and Ram pickups in the U.S. The company’s staying car models will be created in Mexico, Canada or other foreign countries.
Ending passenger automobile production in the United States is actually a part of CEO Sergio Marchionne’s multibillion-dollar plan to raise profit margins to match competitors. It’s a bet that acknowledges the growing popularity of SUVs in America, low gas prices and lower expense of producing automobiles in Mexico.
“By the time we complete with this, ideally, all our production assets in the United States– if you leave out Canada and Mexico from the fold– all those U.S. plants will be producing either Jeeps or Ram,” Marchionne stated Wednesday during conference call with Wall Street experts after the automaker reported second-quarter revenues.
The Jeep and Ram brands have actually been driving sales gains in recent times, with the Dodge Dart and Chrysler 200, highly touted when they were launched, have been dissatisfaction.
