Fiat Chrysler invests $1.5 billion to produce electric vehicles in Canada

On Thursday, Fiat Chrysler Automobiles NV (FCA) announced that it would invest between $1.35 billion and $1.5 billion in its Windsor automobile factory in Canada.

According to Unifor National President Jerry Dias, the world’s eighth-largest automaker wanted to produce electric vehicles (EV) as part of a tentative deal with Canadian workers.

Diaz said that FCA would add at least 2,000 jobs in its Windsor automobile factory in the next four years.

“Not only is Fiat-Chrysler maintaining the current portfolio but they will be investing three derivatives to enhance the current portfolio,” Dias stated in an interview.

Moreover, Dias said that FCA would invest in a state-of-the-art car platform that would enable the production of plug-in hybrid and battery electric vehicles.

Last month, Unifor announced that Ford Motor Co (F) would invest 1.95 billion CAD ($1.46 billion) in its Oakville and Windsor automobile factories.