Chrysler Announces Plans to Invest $1.7 Billion in the U.S. Amid Possible Sale Negotiations

Chrysler has announced plans to build new plants in Michigan and to upgrade existing plants. The company is planning on building three new plants and upgrading their Warren stamping plant.

-$700 million for a new axle plant in Marysville, which will replace the Detroit Axle plant that employs 1,600 people.
-$730 million for a new plant in Trenton to build the next generation Chrysler V6 engine.
-$300 million for a new paint shop at its plant in Sterling Heights.
-$50 million to upgrade the Warren stamping plant, which makes the Dodge Ram and Dakota trucks.

All of this is going on at the same time as talks of an eventual sell off of the Chrysler Group are going on. Chrysler officials remain committed to their goal of raising profits and keeping the company competitive, even though their future is not certain.

“The business has a responsibility to keep running” despite the sale talks, Chrysler Chief Executive Tom LaSorda said in an interview with The Associated Press on Tuesday.

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