JV Partners Expanding Dundee
DaimlerChrysler AG, Mitsubishi Motors Corp. and Hyundai Motor Co. Ltd. will expand their Global Engine Mfg. Alliance plant in Dundee, MI, increasing annual capacity to 840,000 4-cyl. engines. The joint-venture partners agreed to invest an additional $323 million to fund the 450,000-sq.-ft. (41,805 sq.-m) expansion. Another 250 jobs will be created at the plant as a result. Dundee will supply engines
March 1, 2004
DaimlerChrysler AG, Mitsubishi Motors Corp. and Hyundai Motor Co. Ltd. will expand their Global Engine Mfg. Alliance plant in Dundee, MI, increasing annual capacity to 840,000 4-cyl. engines.
The joint-venture partners agreed to invest an additional $323 million to fund the 450,000-sq.-ft. (41,805 sq.-m) expansion. Another 250 jobs will be created at the plant as a result. Dundee will supply engines to DaimlerChrysler, Mitsubishi and Hyundai North American plants, beginning in June 2005.
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