Filed under: Government/Legal, Plants/Manufacturing, Chrysler, Earnings/Financials, Fiat
In a none-too-shocking announcement,
Chrysler announced plans to invest $179 million to convert its engine plant in Dundee, MI, from building the so-called World Engine to Fiat's 1.4-liter Fully Integrated Robotized Engine. Back in September, Chrysler
bought out its former partners Hyundai and
Mitsubishi so that it could utilize the Dundee facilities to build the new Multiair powerplants.
Both Chrysler and
Fiat are likely to use powerplants built at the facility, with the first application being the diminutive Fiat 500 that's slated for North American production by the end of 2010. Fiat's Multiair technology is said to
increase power by up to ten percent while offering a similar reduction in fuel consumption and emissions. Later, a turbocharged unit will be built at the plant that will offer V6-level power using 25 percent less fuel. Multiair technology will eventually be added to the rest of the Chrysler engine lineup, including the new Pentastar V6.
Chrysler promises that the Dundee plant will add 573 new jobs to the local economy including 155 directly at the Dundee plant for a single shift of engine production. That was enough to earn a series of incentives from the state of Michigan and tax credits from
the Michigan Economic Development Corporation and the Village of Dundee that could add up to $4.6 million over the next ten years. For more, click past the break for the dueling press releases from Chrysler.
[Source: Chrysler]
Continue reading Chrysler announces $179 million investment in Dundee plant to build Fiat Multiair engines
Chrysler announces $179 million investment in Dundee plant to build Fiat Multiair engines originally appeared on Autoblog on Thu, 17 Dec 2009 16:00:00 EST. Please see our terms for use of feeds.
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18-12-2009, 12:30 AM
