| The Chrysler Group has started construction of its | | | | employs more than 1,600 workers will be replaced with |
| new $700 million axle plant in the north of Detroit, as its | | | | a new one. And the current engine plant in Trenton, |
| officials spearheaded the ground breaking ceremony | | | | that also employs as estimated 1,600 people will be |
| that was held last Monday. | | | | replaced by the new one in the Detroit edge of |
| The company also said that it will inform the press on | | | | Trenton. |
| the more plant investments in the coming weeks. This, | | | | The company stated that the new St. Clair Township |
| according to Chrysler officials, is part of the $3 billion | | | | plant will get about 900 workers, while the new engine |
| that will be used this year to spend for factories that | | | | plant would get about 485 workers. The company has |
| make engines, axles, transmissions and other power | | | | a net job loss of about 1,465. This is because over 350 |
| train parts. | | | | workers at the current Trenton and Detroit axle plants |
| The announcement of the building of a new plant in St. | | | | are expected to take buyouts or early retirement |
| Clair Township, which is about 50 miles northeast of | | | | offers under the recovery and transformation plan. |
| Detroit, and a new engine plant in the Detroit edge of | | | | Front- and rear-drive axles for many Chrysler truck |
| Trenton was done last April. | | | | products, trailing axles for Dodge and Chrysler |
| DaimlerChrysler AG, the German company from | | | | mini-vans, and power train parts for the Chrysler 300, |
| where Chrysler's came, made the announcements. | | | | Dodge Magnum and Dodge Charger cars are being |
| The company said last week that for a $7.4 billion deal, | | | | manufactured in the Detroit axle plant. |
| it would sell Chrysler to private-equity firm Cerberus | | | | The new -generation Chrysler V-6 engine will be |
| and the deal is expected to close sometime from July | | | | manufactured in the Treton plant. |
| to September. | | | | About Chrysler Group |
| David Elshoff, the Chrysler spokesman, said that last | | | | Soon to be Chrysler Corporation LLC, the Chrysler |
| Monday's ground breaking ceremonies proved that | | | | Group is an independent an American automobile |
| Cerberus is committed to the restructuring plan of | | | | manufacturer that has been manufacturing vehicles |
| Chrysler. The plan involves cutting 13,000 jobs but | | | | since 1925. |
| more investments in its facilities. | | | | DaimlerChrysler AG, the parent company of Chrysler, |
| He further said that their company's recovery and | | | | announced on May 14, 2007 the sale of 80.1 percent |
| transformation plan reflects their map of moving | | | | of Chrysler to Cerberus Capital Management, L.P. an |
| forward. In the coming week, the public will be informed | | | | American equity firm. When the transaction is |
| of the company's other plant investments. | | | | completed, Chrysler Corporation LLC will be the new |
| Last month, Chrysler, which is also maker of quality | | | | name of Chrysler. |
| Dodge Daytona parts, told the press that it will be | | | | In 1998, after a deal known as "Merger of Equals", |
| spending $1.78 billion on transmission and engine | | | | Chrysler and its subsidiaries were part of the |
| facilities. This would include the St. Clair Township and | | | | DaimlerChrysler AG that is based in Germany. The |
| Trenton plants, a $50 million investment in its Warren | | | | operations in the US are now referred to as the |
| stamping and assembly complex, and a new $300 | | | | "Chrysler Group". |
| million paint shop at its assembly plant in Sterling | | | | "Mopar", the name for its parts operation, is another |
| Heights. | | | | popular term for the entire line up of Chrysler cars. |
| The Detroit axle plant that was built in 1917 and now | | | | |