So basically, the fear-mongering by Mitt Romney about Chrysler moving production to China was an even bigger lie than we thought.
Reuters:
Chrysler Group LLC will invest $238 million in two plants in Michigan to boost engine production to meet U.S. demand for smaller, more fuel-efficient engines, the U.S. automaker majority owned by Fiat SpA said on Thursday.
Chrysler is spending $198 million to make by early 2014 its Pentastar V6 engine at the Mack I Engine Plant in Detroit, which now makes a larger engine for the Ram 1500 truck. The automaker is also working on several variants of the 3.6-liter V6 engine, including a smaller 3.2-liter version.
The No. 3 U.S. automaker is also spending $40 million to install a flexible production line ? its first ever ? at its Trenton North plant in Trenton, Michigan, to build both the V-6 engine and the Tigershark four-cylinder engine.
Chris in Paris
An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO?d and sold to well-known global software companies. Currently launching a new cloud-based startup for the Microsoft market. Full bio here.
Source: http://americablog.com/2012/11/chrysler-investing-and-adding-more-jobs-in-michigan.html
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