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Fiat Chrysler to cut nearly 1,400 jobs at Illinois plant

Feb 26 (Reuters) - Fiat Chrysler Automobiles NV said on Tuesday it will cut nearly 1,400 jobs at an Illinois assembly plant where it builds the Jeep Cherokee sport utility vehicle.

The Italian-American automaker will cut one of three shifts at the Belvidere Assembly plant starting May 6, impacting 1,371 jobs, in order to "better align production with global demand," a spokeswoman said.

Earlier on Tuesday, Fiat Chrysler announced it was investing $4.5 billion in five plants and creating 6,500 jobs in Michigan, including building a new assembly plant in Detroit.

(Reporting by David Shepardson; Editing by Bernadette Baum)