Chrysler will provide more evidence today that its recovery is in full swing as it details plans to invest $238 million in three Michigan plants and add about 1,250 jobs so it can ramp up production of its engines and pickups.
Chrysler CEO Sergio Marchionne, Detroit Mayor Dave Bing and UAW Vice President General Holiefield are scheduled to be at Chrysler's Mack Avenue Engine I plant this morning for the announcement.
The largest investment -- $198 million -- will come at the plant on Detroit's east side, where the new equipment will enable production of the 3.6-liter Pentastar V6 engine. The company expects to add 250 jobs there, according to a person familiar with the project. Chrysler spokeswoman Shawn Morgan declined to comment.
Source
Detroit Free Press