$4.5 billion investment by an LLC

Do you know who, or what, FCA US LLC is. It is a little automobile company with a stable of brands including Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Ram, Maserati and Mopar. And it is an LLC. YouTube is an LLC. Barclays Bank has an LLC. Contrary to popular misconception, there is no status attached to being an S Corporation or a C Corporation (Inc).

Recently, Fiat Chrysler Automobiles announced plans to invest $4.5bn (£3.4bn) into the US vehicle industry which will create 6,500 new jobs. It says it will build the first new assembly plant in Detroit for nearly three decades.

Fiat Chrysler said its investment is part of its strategy expand its Jeep SUV and Ram truck brands. The company will convert two of its plants, one of which has been idle since 2012, into the assembly site for its new Jeep Grand Cherokee as well as a new three row Jeep SUV. It will also be equipped to build plug-in electric hybrid vehicles.