Chrysler invests in Michigan

[DetroitNut90]

DaimlerChrysler AG's Chrysler Group, forging ahead with its turnaround plan, is expected to announce Wednesday that it will build a new engine plant in Trenton to produce the automaker's next generation of V-6 engines, code-named Phoenix, according to sources familiar with the plan.

The announcement comes after the Michigan Economic Growth Authority approved tax credits today worth more than $11.2 million over nine years to pave the way for the new factory.

Chrysler is expected to announce the Trenton project along with plans for a new axle factory in Marysville during a press conference Wednesday at the company's Auburn Hills headquarters. The Detroit News first reported Chrysler's axle factory plans today. "We applaud the state's move," Chrysler spokesman Dave Elshoff said of the tax credits. "Incentives of this nature are an important part of the business-case building process to move forward with any investment."

Detroit News

[Intrepidation]

I'm looking forward to the figures of the Phoenix family. Since the 3.5L can already make decent numbers the the new generation should have quite a bump in horsepower and torque, and hopefully smoothness. Hopefully this family will replaces engines like the 2.7L.

[AxelTheRed]

Regardless of the trouble the Detroit Three are in, its always comforting when they invest in the state. Its a good day for Michigan.

[JT64]

The point of building new, modern robotic factories is to build better cars.

The new robotized factories will replace the aged, poor quality factories already in Michigan.

Great for Chrysler.

The humans are unreliable, incur too much warranty costs and law suits.

60% of these inferior production machines will be laided off.

http://www.detnews.com/apps/pbcs.dll/artic.../704190417/1148

Edited April 21, 2007 by JT64

[vrazzhledazzle]

Good for Michigan