Several empty Chrysler plants without equipment were sold at this price.
Sterling Heights Assembly is a Chrysler automobile factory in Sterling Heights, Michigan. The factory opened in 1953 to produce missiles. Volkswagen converted it for automobile production in 1980 and it was subsequently purchased by Chrysler in 1983. The nearby Sterling Stamping opened in 1965. As the plant was modernized in 2006, the old Stratus assembly line and tooling was sold to OAO GAZ and had been shipped to that company's factory in Nizhny Novgorod in Russia. GAZ continues to produce the Stratus under license there.[Wikipedia]
On May 6, 2009 it was announced that the Sterling Heights Assembly plant will close by December 2010. However, the adjacent stamping plant will remain open.
Chrysler is getting a bargain at $20 million, especially considering that the city of Sterling Heights has offered to extend $7.4 million in property tax abatements.
plant, which Chrysler bought from Volkswagen in 1983, is one of Chrysler’s oldest assembly plants. Its paint shop likely would have to be upgraded or replaced if Chrysler would assign it a new product after 2012
Click on the following for more details: Chrysler buys Sterling Heights plant for use until 2012 | freep.com | Detroit Free Press