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."
Project Announcements
JDSAT Expands Fairfax County, Virginia, Operations
04/25/2024
Trussworks Mid-America Plans Jackson, Missouri, Manufacturing Operations
04/25/2024
Epic Flight Academy Establishes Hebron, Kentucky, Operations
04/25/2024
EPC-Columbia Expands Lebanon, Kentucky, Plastic Injection Molding Operations
04/25/2024
Daisy Brand Plans Boone, Iowa, Production Operations
04/22/2024
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024