Detroit City Council wrapped up a lengthy day of voting and approvals Tuesday, paving the way for a $2.5 billion Fiat Chrysler investment in two east-side assembly plants.

Part of the deal involves a complex series of land swaps benefitting both FCA and the land-rich Moroun family, plus a raft of tax incentives bound for the automaker. It’s a good thing FCA didn’t target its investment at New York City. (Read More…)

Fiat Chrysler’s Tuesday announcement will surely make it the darling among domestic automakers, especially in the eye of a certain American president.

To fund the creation of new and next-generation models, most of them Jeeps, FCA is committing $4.6 billion to numerous Michigan plants, $1.6 billion of which will flow to Detroit’s Mack Avenue Engine Complex (soon to become a vehicle assembly plant). Among the vehicles funded with this promise are the long-awaited Jeep Wagoneer and Grand Wagoneer. Oh, and there’s another new Jeep on the way.

Another tidbit: FCA really likes the extra cash brought in by the old-generation Ram 1500 Classic. The model, seen above in Warlock trim, will soldier on. (Read More…)