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Report: Fiat Chrysler plans new Detroit factory

Chrysler SUV grill.
Photo by Justin Sullivan/Getty Images

Fiat Chrysler plans to open a new SUV assembly factory in Detroit, CNBC reports.

Why it matters: This comes on the heels of General Motors announcing plans to lay off 15% of its workforce, over half of which would be in Michigan, and shutter five plants, including one in Detroit.

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