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Fiat Chrysler Automobiles will invest $4.5 billion in five Michigan assembly plants so it can build more Jeeps, including electrified models, and continue production of the Ram 1500 Classic pickup that has been offered mostly to fleet purchasers, the company announced.

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Fiat Chrysler to Electrify 30 Models by 2022

Fiat Chrysler Automobiles unveiled a wide-ranging plan to electrify 30 of its models by 2022 and launch several new vehicles, including a midsize pickup and three-row Jeep SUV, as the company enters a new phase of financial health.