Chrysler Group LLC showcased a $500 million investment on July 18, 2013 in its Toledo Assembly Complex.
The investment, which orignally was announced back on Novemeber 2011, is for the poroduction of the 2014 Jeep Cherokee. Chrysler executives believe the Cherokee could be the brand’s top selling model replacing the Jeep Liberty.
The invesment included:
- 260,000 sq ft expansion of the plant’s body shop and state of the art, 26,000 sq ft Metrology Center
- Add a second shift or about 1,100 jobs to the facility.
The remainder of the invesments was for other Chrysler facilities around the U.S.
The Jeep Cherokee is extremely important vheicle for Chrysler. It is the first vehicle that will have a new design with great high tech features also.