Chrysler earmarks over $500 mln for Detroit plants

Newswire

DETROIT, March 22 (Reuters) - Chrysler said on Tuesday it will invest more than $500 million in two Detroit-area factories that have been selected to build a new lineup of midsize cars. The price tag for updating the plants would bring total investment by the U.S. arm of DaimlerChrysler , in renovations of its North American manufacturing facilities, to nearly $5 billion over the past two years, the company said in a statement. Chrysler has been on something of a roll lately thanks to ...

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