Fiat is close to reaching an agreement that would allow Chrysler to build Jeeps in China at a plant owned by Guangzhou Automobile Group.
“We have had some very fruitful discussions with Fiat’s partner,” Mike Manley, Jeep president and CEO, said today at the North American International Auto Show in Detroit. “There will be news very shortly.”
Once there is an agreement Manley said it could take up to two years before actual production would begin. Manley declined to say which Jeep models Fiat and Chrysler would produce in China.
The plant has initial annual capacity of 140,000 cars and is capable of eventually assembling 500,000 vehicles per year. Production of the Fiat Viaggio compact car began in June.
TAYLOR, Mich. (WXYZ) -
A chaotic scene erupted at the Taylor Human Services Center when the crowd waiting for a Section 8 housing voucher distribution got out of control.
The center is located at Eureka and Lange Roads. That's on Eureka, between Beech Daly and Inkster.
Police say thousands of people from all over the area were at the center. Many were homeless, single moms, or disabled. They were hoping to get help paying for their housing from the government.
Gabriella Hoffman’s paycheck is a little lighter today, thanks to a payroll tax increase that is forcing millions of Americans to make the kind of tough budget cuts their representatives in Washington lawmakers seem unwilling to tackle.
Hoffman, a 21-year-old Virginian who works at a nonprofit, estimates her paycheck will be roughly $30 less this biweekly pay period, or about $780 annually, thanks to the end of a two-year cut on payroll taxes, which fund Social Security. The tax has risen back up to 6.2 percent from 4.2 percent, costing someone making $50,000 annually about $1,000 per year and a household with two high-paid workers up to $4,500.
“As a newly-graduated person, someone coming straight out of college, I don’t like the idea of having less money coming to me due to the selfish interests of people in Congress who don’t have any interest in reducing our financial problems,” Hoffman told FoxNews.com. “This is an impediment for future economic growth. It’s going to make it harder for young people like myself to get married, find a better job, you name it.”
Hoffman admits the hike won’t completely alter her spending, but the University of California-San Diego graduate said she will definitely have it in mind when it comes to leisure activities and entertainment.
“Although it’s a small quantity on a monthly basis, just having less money going into my paycheck will prevent me from doing things and force me to be more frugal,” she said. “I’ll be more cautious with my spending.”