April 18, 2007

Chrysler set for two new Michigan plants

MSN Money:
"Chrysler Group is set to unveil plans to build two new factories in Michigan as part of a planned $3-billion investment in more fuel efficient vehicles, according to state and company officials.

The planned investments in powertrain factories includes a new engine plant in Trenton, Michigan that will produce an upcoming family of V-6 engines that Chrysler has code-named its Phoenix project, state officials said.

The Michigan Economic Development Corporation, a state agency, announced on Wednesday that it had approved an eight-year tax credit of $11.2 million for the new Trenton engine plant."

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