Chrysler Expansion in Toledo to add 1,100 Jobs
08/12/2011
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."
Most Read
-
-
2019 Leading Metro Locations: Pacific and South-Atlantic Metros Dominate the List
Q4 2019
-
Hitting the Reset Button: How to Pivot the Perception of Economic Development
Q2 2020
-
Finding Talent in a Time of Economic Change
Q2 2020
-
Innovation in America Reaches New Heights
Q2 2020
-
Mid-size Markets Competing for Business and Winning
Q1 2020
-
A Site Selector’s Checklist for Locating in the U.S.
Location USA 2019