Chrysler Group LLC plans to invest at least $365 million to expand and improve its Toledo Assembly Complex, adding a second shift with 1,105 jobs to the plant that currently builds the Jeep Liberty and Dodge Nitro SUVs according to plans are contained in a city tax abatement application filed by Chrysler.
A report by the Toledo Blade
suggests that Analysts believe the investment could be the first of a number of expansions at the site in future years as the automaker ramps up production to meet global demand for up to seven different current and future vehicles, leading to a third shift and even more jobs.
According to the application, the proposed investment by Chrysler included $8 million expansion of the plant's body shop and $357 million to retool and equip the complex. The expansion should be complete by 2013. Chrysler will add $36 million in payroll through 1,050 new production jobs at $14.65 per hour, and 55 management jobs at about $90,500 each annually.
According to the Toledo Blade, Chrysler has not officialy confirmed the application's details because a state incentive package is not finalized. But it gave The Toledo Blade this statement:
"In January, 2011, Chrysler Group CEO Sergio Marchionne confirmed that the company was considering a possible investment in its Toledo Assembly Complex. As part of the process, Chrysler Group is working with state and local governments to secure incentives that would support the business case for such an investment. However, any decision to invest in the Toledo facility would be contingent upon final approval of state and local incentives and final acceptance of all agreements by the company."