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Mon July 15, 2013
Chrysler celebrates two big investments in the future
When Fiat CEO Sergio Marchionne was given control of Chrysler in 2009, it wasn't just the Detroit automaker's cars that needed to be improved. Many of Chrysler's factories were sorely in need of upgrades, too.
This week, Chrysler will give tours to media to show off an $850 million renovation of the Sterling Heights Assembly plant, which includes a built-from-the-ground-up new paint shop.
On Thursday, Chrysler will offer media a chance to see the upgraded Toledo Assembly plant, where the new Jeep Cherokee is being built.
Chrysler is currently the half of the Fiat-Chrysler partnership that's generating a profit. Fiat does not expect to turn a profit until later this decade.