Chrysler boosts investment in southeast Michigan operations

Nov 15, 2012

Chrysler-Fiat CEO Sergio Marchionne
Chrysler-Fiat CEO Sergio Marchionne
Credit Wikipedia

Chrysler will put more than $240 million into three of its southeast Michigan plants.

The automaker is ramping up its engine-making capacity, and making more trucks.

The biggest chunk of the investment will be at Chrysler’s Mack Avenue engine complex in Detroit, which will re-tool to make the V-6 Pentastar engine.

The Warren Truck plant will add a third shift to make the 2013 Dodge Ram 1500. And the Trenton North Engine Plant will also upgrade its production line.

Chrysler CEO Sergio Marchionne outlined the plans at the Mack Avenue plant Thursday.

“We’re spending more than a quarter of a billion dollars, and will be adding more than 1250 jobs--new jobs--at these three facilities in southeastern Michigan.”

Marchionne says the plans reflect a growing market for Chrysler products--and the company’s commitment to investing in its Metro Detroit operations.

Marchionne and Italian automaker Fiat took control of Chrysler in 2009. Since that merger, and Chrysler’s government-managed bankruptcy, the now-Chrysler Group has invested $4.75 billion in its US operations.

Marchionne also told reporters he  hopes to eventually acquire the remainder of Chrysler. Fiat now owns 58.5% of Chrysler.