Chrysler breaks ground on $700-million axle plant

Newswire

DETROIT, May 21 (Reuters) - Chrysler Group broke ground on a $700-million axle plant in Michigan on Monday, the automaker's first major investment since it was sold to Cerberus Capital Management last week. The Chrysler plant in Marysville, Michigan is part of a $3 billion investment program announced in February to help make more fuel-efficient vehicles. Chrysler executives have insisted construction of the axle plant and a $730-million engine plant being readied in Trenton, Michigan, ...

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