Chrysler to invest $72 Million in Toledo plant

Chrysler Torque Converter Team

A $72 million investment is being made by Chrysler Group LLC for its own Toledo Machining Plant in Perrysburg, Ohio.

The investment will fund an expansion that is necessary to accommodate the brand’s new steering columns and torque converters. Scott Garberding, head of manufacturing for Chrysler, says “It is an acknowlegement of the high-quality components that have been produced by our skilled work force for many years. Being able to bring new technology to this facility secures its long term future.”

As for the skilled work force Garberding was referring to, it won’t be getting larger, but workers’ positions are a bit more secure. United Auto Workers was therefore happy to hear of the change.

“We’re very pleased that Chrysler is making the decision to invest in the Toledo Machining Plant and the skilled workforce there,” said General Holiefield, Vice President and Director, UAW Chrysler Department. “This will help preserve and enhance jobs in the area and give a greater measure of security to our members and their families well into the future.”

Chrysler should see the end result of its investment in 2013.

– By: Alexandra Koken