Tags: Chrysler | Ohio | Jeep | Plant

Chrysler Plans $1.7 Billion Expansion at Ohio Jeep Plant

Wednesday, 16 Nov 2011 11:16 AM

Chrysler Group LLC, the U.S. automaker majority owned by Fiat SpA, will invest $1.7 billion to develop and produce its next-generation Jeep SUV in 2013 based on a Fiat platform.

The investment includes $500 million to upgrade and expand the company's assembly plant in Toledo, Ohio, where the company will add 1,100 jobs on a second shift, Chief Executive Sergio Marchionne said during a media event at the Jeep plant Wednesday.

The new jobs will come online in the third quarter of 2013. The Toledo assembly plant, which Marchionne described as the birthplace of the Jeep brand, currently builds the Jeep Liberty and the Dodge Nitro.

Chrysler will build the next generation of the Jeep SUV in Toledo. It will be exported worldwide and replace the current Jeep Liberty.

The $500 million investment at the plant will be used to expand the existing body shop and add a 26,000 square foot metrology center, where the company will measure the dimensions of each vehicle built at the plant.

The remaining $1.2 billion will be spent on other Chrysler plants in the United States, retooling suppliers and other development costs, Chrysler said.

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Chrysler Group LLC, the U.S. automaker majority owned by Fiat SpA, will invest $1.7 billion to develop and produce its next-generation Jeep SUV in 2013 based on a Fiat platform. The investment includes $500 million to upgrade and expand the company's assembly plant in...
Chrysler,Ohio,Jeep,Plant
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2011-16-16
Wednesday, 16 Nov 2011 11:16 AM
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