October 12, 2013

Chrysler Group invests totaling $1.249-billion in Saltillo, Mexico, facilities to produce CVs and new line of engines

Chrysler Group Chairman and CEO Sergio Marchionne confirmed investments totaling $1.249-billion in two Saltillo facilities and the creation of 1,570 jobs during a dedication event at the new Van Assembly Plant with President of Mexico Enrique Peaa and Minister
of Economy Ildefonso Guajardo.

Of the total investment, $1.085-billion was invested in the construction of the new Van Assembly Plant to produce the Ram ProMaster commercial vehicle. The additional $164-million will add a new production line to assemble Tigershark engines at the Saltillo North Engine Plant. Mexican development banks Bancomext and Nafin provided financial support for the Van Assembly Plant project.

"I would like to thank President Enrique Pena 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 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."

"I want you to know how much I appreciate your hard work and your dedication to the principles of world-class manufacturing, which is enabling us to compete with the very best plants in the world," added Marchionne.

Currently, Chrysler Group's North and South Engine Plants assemble a new engine every 17 seconds. The new production line will strengthen the role that Mexico plays as a strategic powertrain manufacturing site.


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