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FacilitiesBig Toledo expansion coming
Posted by nashman on 2011/11/9 14:56:00 (1722) reads

According to the Toledo Blade a big expansion is coming to the Toledo plant with the possible manufacturing of seven different vehicles. More information hopefully will be forth coming November 16. The expansion might allow for a pickup to be built when the next generation Wrangler is introduced?

The long-awaited announcement, key details of which have been reported since August by The Blade, is expected to include $357 million in investment, adding 1,105 jobs, and an $8 million expansion at the complex’s factory which now makes Jeep Liberty and Dodge Nitro vehicles.

...snip...

Analysts associated with the Chrysler-centric Web site Allpar.com have said six or more vehicles could be made at Toledo Assembly: two-door and four-door Wrangler models, a new Jeep Liberty, a Chrysler-badged crossover, a Lancia-badged version of the same vehicle for export, and a new Alfa Romeo SUV.

If the complex were to make a possible capacity of 482,000 units a year, it would become the biggest U.S. auto assembly plant.


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Poster Thread
tmedlock
Posted: 2011/11/21 13:51  Updated: 2011/11/21 13:51
Just can't stay away
Joined: 2007/1/11
From: New Hampshire
Posts: 83
 Re: Big Toledo expansion coming (how dumb are we? Or, we will sell them the rope to hang ourselves...)
1) On March 30th, 2009, posted in: Markets by Alhambra Admin
“President Obama’s auto task force determined that General Motors has not presented a viable plan that would succeed. They are willing to give GM adequate working capital for 60 days to develop a more aggressive restructuring plan and have already pulled some strings for the ouster of GM’s top man:
In an extraordinary move, the administration forced the departure of Rick Wagoner as CEO of General Motors over the weekend, and implicit in Obama’s remarks was that the government holds the ability to pull the plug on that company or Chrysler.
As for Chrysler, there’s not much support coming from Obama. The same task force has determined that the company is not viable as a standalone company. The government will not invest anymore taxpayer in the company if it does not complete a deal with Fiat, the Italian automaker. If they do so within the next 30 days, the administration will consider investing up to $6 billion to help the partnership between Chrysler and Fiat succeed.”

2) By Calvin Woodward and Christopher S. Rugaber
Associated Press / November 9, 2011
The Italian automaker Fiat received an initial 20 percent stake in Chrysler as Chrysler emerged from bankruptcy in 2009 in exchange for only management expertise and technology. Since then, Fiat has paid $1.8 billion to boost its stake to 53.3 percent, including a $500 million payment to the U.S. Treasury to purchase the government's 6 percent share of the company.

3) Jonathan Oosting | MLive.com Thursday, July 21, 2011, 5:46 PM
“The Treasury spent a total of $12.5 billion helping Chrysler survive and has recouped more than $11.2 billion of that investment. Officials say the government is "unlikely to fully recover" the additional $1.3 billion, but reiterated that their top priority was saving jobs.”

So, who decided it was a good idea to pretty much give away Chrysler’s controlling ownership to a foreign company (in exchange for letting the US keep a few jobs)?
You do the math. Fiat payed $1.8 billion for 30.3 percent of Chrysler. Ooops, Fiat was given (as a gift from the American tax payers) $1.3 billion. Seems like Fiat paid $.5 billion for the 30.3 percent to me. To say nothing about the original GUARANTEED loan of $12.5 billion. YES, Fiat did NOT default on the loan. BUT, they could have. What was the US going to do if they defaulted? Sorry taxpayers?

Bottom line question (you know the answer): In the future who will be reaping the bulk of the profits from Chrysler in exchange for letting the US keep a token number of jobs. (maybe just enough jobs to look good at election time...)?

Poster Thread
trevorj
Posted: 2011/11/11 0:09  Updated: 2011/11/11 0:09
Just can't stay away
Joined: 2006/6/30
From: Kelowna, BC
Posts: 124
 Re: Big Toledo expansion coming
Is Manley finally building his sticker factory like I suggested last year?

Poster Thread
MarkH
Posted: 2011/11/14 7:56  Updated: 2011/11/14 8:13
Home away from home
Joined: 2005/7/20
From: The Great White North
Posts: 494
 Re: Big Toledo expansion coming
Is Manley finally building his sticker factory like I suggested last year?


Went to a dealer 2-days ago. Saw a couple Arctic models. Price was ridiculous, as were the white (easy to get dirty) plastic interior add-on bits, comic strip plaques, stitching & stickers. Looks so crappy, I can't describe. This would even be an embarrassment for a high school class pimping a Wrangler as a school project. It's certainly not about "function"! I guess somewhere there are enough rich kids with body piercings lining up for this crap. Might as well add a snow cone maker on the dash. At least that would make more sense!

I'm glad a nearly bone stock Wrangler is still available, with roll up windows & sans A/C. I may order exactly that!

The new Midnight green is now available, even though it doesn't show up on the website. Though I still do want those black Arctic/ Call-of-Duty wheels...

Poster Thread
RUBICON
Posted: 2011/11/10 15:48  Updated: 2011/11/10 15:48
Home away from home
Joined: 2005/7/13
From:
Posts: 377
 Re: Big Toledo expansion coming
"which now makes Jeep Liberty and Dodge Nitro vehicles"?

Really, the Nitro has been discontinued -- at least here in the US. Or is it still being manufactured for export?

Poster Thread
MarkH
Posted: 2011/11/14 8:17  Updated: 2011/11/14 8:17
Home away from home
Joined: 2005/7/20
From: The Great White North
Posts: 494
 Re: Big Toledo expansion coming
I've got a Nitro now. The word I got is they're done. They don't export a lot, so that market isn't worth it. Now, whether they'll roll out a few as 2012's for export just to "clear the line', I dunno. And you can get a diesel in the export model. But no more for us, so I hear. Sure would have been sweet with a Pentastar, though...
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