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Auto industry   Creating 2,000 jobs

Fiat Chrysler to invest $1 billion in two U.S. plants

Fiat ChryslerFiat Chrysler Automobiles (FCA) said it will invest $1 billion to modernize two plants in the U.S. Midwest and create 2,000 jobss.

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READ MORE Fiat gets full control of Chrysler for $4.35 billion

FCA will retool factories in Ohio and Michigan to build new Jeep sport utility vehicles, including a pickup truck, and potentially move production of a Ram heavy-duty pickup truck to Michigan from Mexico.

The auto industry is hoping to get relief from tough fuel economy rules enacted by the outgoing Obama administration.

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