FCA US will invest $1.48 billion to retool its Sterling Heights Assembly Plant in Detroit, MI to build the next generation Ram 1500 after the plant ceases production of the Chrysler 200 in December.
Plans for the Warren Truck Assembly Plant, which currently builds the Ram 1500, will be announced at a later date, according to the automaker.
This production action is subject to the formal approval of incentives by state and local entities.
Earlier this month, FCA US announced a $1 billion investment in two assembly plants in Ohio and Illinois to support planned growth of its Jeep brand.
Since 2009, FCA US has announced investments of more than $8.3 billion and added more than 25,000 people in its U.S. operations.