Maker to spend nearly $2 billion at three key plants.
by Paul A. Eisenstein on Oct.29, 2010
- $600 million investment in an under-utilized assembly plant in Belvidere, Illinois, where Chrysler is expected to begin producing a new small car late next year. Based on the little Alfa-Romeo Giulietta produced by its Italian affiliate, Fiat Automotive, the new offering is expected to get 40 miles per gallon
- dropping $850 million into one of its oldest and most outdated assembly plants, the Sterling Heights plant, in Detroit’s northern suburbs.That factory was originally slated to close, in 2012, as part of Chrysler’s post-bankruptcy reorganization. But Marchionne has decided to use it produce those next-gen midsize models, which will use Fiat’s C-EVO architecture. They originally were slated for production in Mexico or Canada.
- Chrysler’s engine plant in Dundee, Ohio, is getting a new $150 million injection – on top of an earlier, $179 million investment announced last December. It will allow the maker’s so-called World Engine factory to produce Fiat’s innovative Multi-Air 1.4-liter powertrain.
Click on the following for more details: Chrysler Struggling To Update Line-up, Resolve Quality Issues | TheDetroitBureau.com
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