Is Fiat Chrysler (FCAU, $15.34) Reopening Detroit Factory?
Fiat Chrysler might reopen a defunct Detroit factory of the company.
The auto manufacturing company is reportedly planning to re-purpose a building in the northwestern side of the Detroit into an assembly site for a three-row Jeep Grand Cherokee SUV model, according to The Detroit News. The Jeep is scheduled to debut in the year 2021. Previously, Chrysler used the Detroit site for engine production until 2012 when it was shut down.
If reopened, the Detroit factory could employ up to 400 people. No official confirmation/statement about the factory reopening has been made by the company.
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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
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General Information
a company which manufactures, distributes and sells vehicles, components and production systems
Industry MotorVehicles
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