Chrysler invested $1.249 billion to open a new manufacturing complex in Saltillo, Mexico and increase production at its North Engine Plant production center, creating an estimated 1,570 jobs.
Of the total investment, $1.085 billion was invested in construction of the new Van Assembly Plant to produce the Ram ProMaster commercial vehicle in Saltillo, Mexico. The additional $164 million will add a new production line to assemble Tigershark engines at the Saltillo North Engine Plant.
According to the automaker, Mexican development banks Bancomext and Nafin provided financial support for the Van Assembly Plant project.
The Van Assembly Plant, which began production in July, will create more than 1,100 new jobs by December. The new investment at the North Engine Plant will create 470 new jobs. Both the Ram ProMaster and the Tigershark engine will be exported to different markets, based on Free Trade Agreements that Mexico has with several countries.
“I would like to thank President Enrique Peña Nieto for the support his administration has given us, first as Governor and now as President. He has always shown a great commitment to promoting strategically important projects,” said Chrysler Group Chairman and CEO Sergio Marchionne. “All of this would not be possible without the extraordinary spirit of collaboration we have found in both the federal and state governments. We feel privileged to have the opportunity to contribute to the future growth of Mexico.”