The Earthtimes online News
Home

Reports: Chrysler to build two new plants

Posted : Tue, 17 Apr 2007 22:25:00 GMT
Author : Business News Editor
Category : US (Business)
News Alerts by Email click here )
Create your own RSS
US Business News | Home
TRENTON, Mich., April 17 DaimlerChrysler AG's Chrysler Group plans to build a plant in Michigan to make the U.S. automaker's next generation of V-6 engines, a published report said.

The plant, in Trenton, Mich., near Detroit, would build the V-6 engines, code-named Phoenix, for Chrysler, Dodge, Jeep and Mercedes vehicles by 2010, the Detroit News said.

The newspaper did not report the plant's value or the number of jobs it would create.

Trenton offered Chrysler $62 million in incentives to build a new plant there. The Michigan Economic Growth Authority also approved tax credits worth $11.2 million over nine years to pave the way for the factory.

Chrysler is expected to announce plans to build it Wednesday, the News said.

At the same news conference, Chrysler also is expected to announce plans to build a $700 million axle plant in Marysville, Mich., northeast of Detroit, that will create 900 jobs, the News and Detroit Free Press reported.

The new plant will replace the Detroit Axle plant, built in 1917, which employs about 1,600.

Both plant projects are part of Chrysler's plan to invest $3 billion in engines, transmissions and other powertrain components to improve fuel economy as part of its recovery plan.

Copyright 2007 by UPI

Share on

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 

 

More US (Business) News click here

Choose Theme
Green Earth Blue Earth Orange Earth Purple Earth

Search
 
You can
Print this articleemail this articleComment on this article

Current News

News Category
Business
- India
- UK
- US
Entertainment
Environment
General
Health
Sports
Technology
World
Press Release
Add to Google Toolbar
Breaking News
Press Releases

About us | News Archives | Browse old Archive | Feedback | Disclaimer | Mobile/PDA | News Alerts

The views expressed in the articles are not necessarily those of earthtimes.org and we accept no responsibility for the views or opinions
expressed in the articles either direct or indirect.

© 2008 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy