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
