Following the report we published two days ago about the Chrysler’s Group intention to expand its plant in Mexico to build more of the “Tigershark” engines, the American automaker has now confirmed the plan.
Chrysler confirmed on Thursday investments totaling $1.249 billion in two Saltillo, Mexico facilities to produce commercial vehicles and a new line of engines. Chrysler Group Chairman and CEO Sergio Marchionne also confirmed the creation of 1,570 jobs during a dedication event at the new Van Assembly Plant, alongside President of Mexico Enrique Peña and Minister of Economy Ildefonso Guajardo.
“I would like to thank President Enrique Peña 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,” Marchionne told employees during the ceremony.
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.
The Ram ProMaster assembled in the new plant will be sold in Mexico, U.S.A. and Canada. It is the only vehicle of its kind to be produced in Mexico and joins the full line of products offered by the Ram brand. The 2.0-liter and 2.4-liter Tigershark engines will be assembled at the North Engine Plant alongside the Company´s flagship HEMI V8 engines.
) - Friday, October 11th, 2013 - filed under Chrysler
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