Chrysler to invest $1.8 billion in Detroit plant for new SUV

Chrysler said today that it will retool and expand its Jefferson North Assembly Plant to build a new SUV based on an existing car. The $1.8 billion investment will be used in the new vehicle and a 285,000 square-foot expansion.

The move is also expected to keep 400 jobs at the plant. According to Tom LaSorda, vice chairman and president, the plant will feature some key environmental advances and state-of-the-art lighting and energy management.

The new SUV is said to be a replacement for the Jeep Grand Cherokee.

 

Source: Detroit News