State, U.S. & World News
BC-LT-Mexico-Chrysler
Mon, 08 Feb 2010 15:46:55 CSTv34321nt--
r i BC-LT--Mexico-Chrysler 02-08 0236
^BC-LT--Mexico-Chrysler,0125<
^Chrysler pledges $550M to build Fiat 500 in Mexico<
^Eds: APNewsNow. Will stand. Moving on general news and financial
services.<
MEXICO CITY (AP) _ Chrysler Group LLC says it will invest $550
million to build the Fiat 500 minicar at its assembly plant near
Mexico City.
Chrysler CEO Sergio Marchionne says the new work at its Toluca
plant will create 400 jobs. He said Monday the company will begin
making the model in December for U.S. and Latin American markets.
Mexican President Felipe Calderon says Chrysler will produce
between 100,000 and 130,000 vehicles at the plant, creating about
1,200 indirect jobs.
Chrysler, controlled by Italian automaker Fiat Group SpA,
already employs 2,000 workers to manufacture the PT Cruiser sedan
and the Dodge Journey at the factory.
The automaker also has a truck assembly plant in the northern
Mexico city of Saltillo.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
APDP 02-08-10 1548CST<
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