Chrysler invests $1.78 billion in Michigan

Automotive News / April 23, 2007 - 1:00 amDETROIT -- Despite its possible sale, the Chrysler group last week launched a $1.78 billion investment plan for several Michigan plants. The plan calls for:

• $730 million for a new plant in Trenton to produce the Phoenix family of V-6 engines
  
  
• $700 million for a new axle plant in Marysville to replace its aging Detroit axle plant
  
  
• $300 million to expand the paint shop at its Sterling Heights assembly plant
  
  
• $50 million for retooling of the Warren Truck Assembly Plant and Warren Stamping Plant for future products.

Chrysler said the program includes product development costs and is part of its $3 billion recovery plan that Chrysler CEO Tom LaSorda announced Feb. 14.