Tom LaSorda, Chrysler’s CEO, said today that joint projects with Mercedes-Benz will still move ahead as discussions of Chrysler’s sale proceed. LaSorda said it is essential to move forward with plans to produce new and more fuel-efficient engines and components. “Those projects have to continue.” He said his main focus is to worry about the 80,000 employees of Chrysler and the turnaround plan that was discussed in February.
While all options are still on the table, LaSorda said that that has no impact on the powertrain investments, some of which will be shared with Mercedes-Benz.
Chrysler also announced today that it plans to invest $1.78 billion in five facilities in Michigan, two of which will be a $730 million engine plant and a $700 million axle plant.
Chrysler was put up for sale in February, when DaimlerChrysler CEO, Dieter Zetsche, announced that the company was keeping all options open for the group.
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