Chrysler's New Axle Plant in Michigan
Chrysler Group broke ground recently at the future site of the Marysville Axle Plant its Marysville, Mich. Present at the ground breaking were Chrysler Group executives joined by UAW officials with state and local dignitaries to celebrate the $700 million Michigan investment.
The plant was considered a sign that the Chrysler Group is taking to reach its recovery and transformation plan which hopefully when realized will help the company to regain financial health by 2008. The axle plant is just one part of the Company's "Powertrain Offensive" which is a $3 billion investment to produce more fuel-efficient engines, axles, and transmissions for the Chrysler Group.
Construction on the new plant will start this summer and will employ 900 people when it reaches full volume in 2010 and expected to produce 1.2 million axles annually. Gary Orr, Mayor of Marysville, Mich., said, "We came together as several separate entities to formulate the requirements necessary to attract Chrysler Group to a project site for their new axle plant. For that we are so very grateful. As a City Council, we are excited and as Mayor of record I am extremely proud, as an administrative team, we stand ready to support the successful future of this great automotive giant."
The investment on the Marysville Axle Plant will in include engineering and development costs. It can be noted that the Auburn Hills-based Chrysler Group has already invested $4.4 billion for its Southeast Michigan manufacturing operations since 2003.
About Chrysler Group
Soon to become Chrysler Holding LLC is an American automobile manufacturer that has been independently manufacturing automobiles way back in the year 1925.
Last May 14, 2007 DaimlerChrysler AG announced the sale of 80.1 percent of Chrysler to an American equity firm, Cerberus Capital Management, L.P. Once the deal is completed Chrysler will then take on the name Chrysler Holding LLC.
Chrysler and its subsidiaries were part of the German based DaimlerChrysler AG. The merger was dubbed as a "Merger of Equals" with Daimler-Benz in 1998. Before the acquisition in 1998, Chrysler Corporation traded under the "C" symbol on the NYSE. Another popular term for all Chrysler cars is Mopar which is the name for its parts operation which includes the production of high quality Dodge Caravan parts.
Related Tags: dodge accessories, aftermarket parts, dodge body parts, aftermarket performance, dodge engine parts, dodge caravan parts
Evander Klum is a Business Administration graduate who hails from Alabama. He enjoys extreme sports and he is also a car racing fanatic. At present, he works as a marketing manager at an advertising agency in Cleveland.
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- Improve the Value of Your Truck With a Truck Bed Cover
If you are a truck owner and are looking for a way to increase the value and also protect your inves - An Overview of Emergency Road Services
Anyone that owns a vehicle definitely understands that there are truly countless facets of driving a - Buying From Car and Truck Auctions in Canada
Buying a vehicle from an auction can be a good way to pick up a bargain as long as you know what you - 2011 Green Car Of The Year- Who's In It To Win It!
The Green Car of the Year award is a program designed by Green Car Jouranl to recognize and honor ve - Honda's 2010 Odyssey is Efficient, Practical and Convenient
If you are looking for a minivan that has a seating capacity of up to eight persons and handles almo - Greener Trucks For Delivery Work
Green' is a word you'll hear a lot when it comes to transportation, from bicycles to buses - but you - The Courier and Haute Couture
Some jobs just ooze opportunity to flaunt yourself and show off your latest togs but sadly that's ra - All-New 2011 Toyota Camry
The Toyota Camry has been a continuous leader for years in the family midsize sedan class by being a - The Various Benefits Of Summer Tires
As you probably know , different tires are optimized for different conditions. Not only that, someth - A Couple of Tips on Buying a Used Cars in Toronto
If your old car has finally kicked the bucket and you need to get yourself a new mode of transport t
Most viewed articles in this category:
- How to Remove Window Tint
Applying tinting film to car or household windows may be fun, but removing it can be tricky if yo - Transporting Your Car
If you are relocating to another state or another country for employment or family reasons, you may - Choosing The Right Sticker For The Motorcycle Helmet
When people decide to buy a motorcycle, the dealer will usually throw in a helmet. This is because s - Suzuki's 2007 Xl7, “wave” Grand Vitara Debuts at the 2007 Scias
In the news: American Suzuki Motor Corporation has presented its array of cars and SUVs at the 2007 - Nissan Skyline GTR: A Racer That Is Affordable
If you've ever eyed a Porsche 911 or a Ferrari Testarossa, but thought the price was too steep, the - How To Buy Cheap Cars
There are a number of seized car auctions held in various places every month or at least quarterly. - Federal Agencies Expands Hybrid Fleet
Three federal agencies in Kansas recently added hybrid vehicles to their fleet. The hybrid vehicles - New Cars, New Gadgets Presented at the 2007 Naias
The 2007 North American International Auto Show has become an event of glamour, fashion and technolo - Aura Green Line Added to 3 Federal Fleets in Kansas
Three Kansas City area federal agencies added Monday the new 2007 Saturn Aura Green Line hybrid vehi - Top Vehicles by Autoweek Editors Honored at 2007 Naias
Everybody has favorites. Bill may like Ford cars. Susan may be attracted much by the power of pi