The auto industry in Detroit continues to boom, something that was hard to imagine in the wake of the auto bailout in 2009. All "Big 3" automakers have made significant investments in their home state of Michigan, with Fiat Chrysler the latest to make a major announcement. The automaker plans on investing $1Bil to modernize its Warren Truck plant. This is slated to add 2,500 new jobs according to the Detroit Free Press. In addition to creating jobs, Fiat Chrysler plans on giving a $2,000 bonus to 60,000 of its workers in Quarter 2 of this year.

This would also mean that the automaker is moving production of its Ram Heavy Duty trucks back to the US from Mexico. Executives of the company said that part of the decision was based on a cut in the corporate tax rate that went into law in December. Since 2009, the company has invested $10Bil in its US plants according to the Detroit Free Press article, which you can read here. While Detroit's economy has diversified in recent years, manufacturing is still deeply rooted in the local economy. The success of the Big 3 has reverberating effects throughout Metro Detroit. This latest announcement is another positive step in the right direction.