Chrysler Group Invests $1.249 Billion in Two Saltillo, Mexico, Manufacturing Facilities
10/11/2013
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.”
Project Announcements
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Firestone Industrial Products Expands Dyersburg, Tennessee, Operations
04/18/2024
Samsung Electronics Expands Taylor, Texas, Chip-Manufacturing Operations
04/18/2024
OMCO Solar Plans Huntsville, Alabama, Production Operations
04/18/2024
Martco-RoyOMartin Upgrades Allen Parish, Louisiana, Operations
04/18/2024
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
-
Manufacturing Momentum Is Building
Q1 2024
-
Making Hybrid More Human in 2024
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