Chrysler to spend $2 billion on Jeep overhaul

Newswire

DETROIT, Dec 18 (Reuters) - DaimlerChrysler's Chrysler division plans to spend about $2 billion to overhaul its Jeep assembly facilities in Toledo, Ohio, and launch new models that will be added to Jeep's lineup, a source close to the matter said on Thursday. Company spokesman Dan Bodene declined to comment on details of the plans, which are subject to ratification of a new eight-year labor agreement between Chrysler and Local 12 of the United Auto Workers union. But the source familiar ...

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