Posted by mike on 2003/12/19 0:00:00 (845) reads
What does $2.1 billion buy? Lots more Jeeps.
It seems that DaimlerChrysler has decided to invest some big bucks into Ohio - the first step in a bevy of new Jeep nameplates...
The Toledo Jeep Assembly Plant would benefit from an investment of up to $2.1 billion, would double its product offerings to four vehicles, and would become a pioneer in the U.S. auto industry by allowing suppliers to do some assembly work under a tentative labor agreement reached yesterday.
Chrysler would spend about $900 million on the local Jeep complex to build four vehicles, apparently starting with a redesigned Jeep Wrangler in 2006, according to an agreement summary that the UAW negotiating committee gave workers yesterday.
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You can also check out additional information about this development here.
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