Chrysler to Invest $1.8 Billion to Expand U.S. Operations

Aug. 13, 2008
Funds will be spent on state-of-the-art manufacturing systems.

The $1.8 billion that Chrysler LLC plans to invest will be focused on new vehicle programs and the expansion of a plant in Detroit, the company said August 13.

"This investment enables us to produce a new generation of world-class vehicles that meet the diverse needs of our consumers around the globe," Chrysler president Tom LaSorda said at an automotive conference in Traverse City, Mich.

"The investment will be used for state-of-the-art manufacturing systems, including a 285,000 square foot expansion of the (Jefferson North) plant including a new body shop that will allow increased flexibility and higher output."

LaSorda said the investment will keep 400 jobs in Michigan. He did not indicate whether that would include new positions.

Copyright Agence France-Presse, 2008

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2024. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.

Sponsored Recommendations

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!