Thread: Chrysler to build $570-million engine plant in Mexico

Chrysler to build $570-million engine plant in Mexico
June 1, 2007

By TIM HIGGINS

FREE PRESS BUSINESS WRITER

Chrysler Group — which has promised to invest $3 billion to build more-efficient engines, axles and transmissions — announced Friday plans to build a new $570 million engine plant in Mexico.

The plant will build Chrysler’s new Phoenix V-6 engines.

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Chrysler has already announced that a new Trenton engine plant also will be built to produce Phoenix engines.

The new engine program has been promised to be more fuel efficient and are slated to pare the company’s current four engine architectures to one.

The Mexico plant will be built in Derramadero, near Chrysler’s Saltillo Truck Assembly Plant where Dodge Rams are built, and begin production in 2009. It will have the capacity of 440,000 engines and have 485 full-time employees.

Chrysler Executive Vice President for Manufacturing Frank Ewasyshyn joined Mexican President Felipe Calderón and the Governor of the State of Coahuila Humberto Moreira at Los Pinos — Mexico's presidential home.

"Today's celebration commemorates an important milestone for the Chrysler Group because — through the Recovery and Transformation Plan — we’re investing in the international future of our Company,â€

Personally, I will take my Toyota Avalon!

There will be a backlash from this and I believe Chrysler will go broke due to the backlash.