Chrysler Group LLC will be expanding its Toledo Assembly Complex in Ohio, adding a second shift and at least 1,100 jobs to the operation that currently manufactures the Dodge Nitro and Jeep Liberty SUVs, according to last Thursday’s report of The Toledo Blade newspaper.
This $365 million investment could be the first of several major expansions to the company’s Toledo operations, including the Jeep Wrangler production at the nearby Toledo North Plant, the Blade said.
The company revealed the plans in documents filed in a city tax application, which will be discussed by the local officials tonight, according to the report. The Blade also stated that the company officially would not confirm the details of the application because a state incentive package has not been finalized.
In a statement released to the Blade, the company reiterated that in January 2011, Chrysler Group CEO Sergio Marchionne has confirmed that the automaker was studying a potential investment in its Assembly Complex in Toledo.
As part of the process, the company is working with local and state governments to obtain incentives that would support the business case of an investment.
Any decision to invest in the facility, however, would depend on the final approval of local and state incentives as well as final acceptance of all agreements by the company.
Chrysler forecasts that the expansion will be completed by 2013, the tax application revealed. Moreover, it will add $36 million in payroll through 1,050 new production jobs at $14.65 per hour, as well as 55 management jobs at around $90,500 each annually.