Chrysler will expand its Toledo plant, north Ohio, to prepare for the production of new models.
On August 16th, Chrysler will stop manufacturing its Jeep Liberty, which will be replaced with a new model. Last November the company announced it plans to invest $1.7 billion, hire over 1,100 workers and add a second shift to manufacture the new SUV, on a joint platform developed together with Fiat. The Jeep SUV will be produced on a wider platform based on Fiat’s Alfa Romeo Giulietta.
“We have new product and a whole new shift, so our task is tall,” said Zach Leroux, the plant manager. “We have a tall challenge ahead of us.”
The manufacturing of the new Jeep is to begin this fall, while the SUV by Alfa Romeo is expected to get on the production line at the beginning of 2013. The plant’s new design resembles with the facility of Pomigliano d’Arco, featuring a new 25,000-square-meter hall, which includes the 23,000-square-meter production and research segment.
On July 31st, Chrysler said it plans to reach a full-year profit of $1.5 billion, as it sees the US market having one of its best years since 2007. For the first half of 2012 Chrysler reported $909 million net income, from $254 million loss in the same period last year.