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Chrysler Group Increases Detroit Footprint

Chrysler Group plans to lease 33,000 square feet on the top two floors of downtown Detroit's century-old, neo-classical style, Dime Building at 719 Griswold Street, renaming it Chrysler House.

"The future of Chrysler Group and the City of Detroit are inextricably tied," said Sergio Marchionne, Chairman and CEO, Chrysler Group LLC. "In order to reflect this we want to go beyond spiritual or symbolic evidence of our faith in the City's future by establishing a physical presence people can see and be proud of." The company will move 70 employees from its Auburn Hills, Michigan headquarters to downtown Detroit later this summer.

"It's very exciting that a company with the legacy and brand of Chrysler is joining the many other companies opening shop in Detroit, as we together help build downtown into the energetic, job-producing, high-tech corridor it is quickly becoming," said Dan Gilbert, Chairman of Rock Ventures, which owns the historic office building named after The Dime Savings Bank. "Chrysler has always been synonymous with Detroit, but today they can truly say they are 'Imported from Detroit,' as their presence makes them an important participant in the positive transformation of a great American city."

Earlier this year, Chrysler announced plans to add a third crew and 1,100 new jobs at its Jefferson North Assembly Plant in Detroit, expanding the Jeep Grand Cherokee lineup to include a diesel version for North America. The Company also announced its plans to reactivate its Conner Avenue Assembly Plant, also located in the Motor City, for production of the SRT Viper. The opening of the Conner Avenue plant will create 150 new jobs.

Within the City of Detroit, in addition to the JNAP and Conner Avenue plants, Chrysler Group operates the Mack Avenue Engine Complex on St. Jean Street. The Company employs nearly 4,000 people in Detroit.

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