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Chrysler is set to invest $500 million in Toledo Jeep assembly plant

Chrysler Group plans to invest $500 million in its Toledo North Assembly Plant and hire a second shift of workers over the next year to build a new Fiat-based SUV for Jeep, as well as other vehicles. "This plant has been chosen to build the future Jeep SUV to replace the current Jeep Liberty that will be exported to markets all over the world," CEO Sergio Marchionne said at the plant Wednesday. "Jeep is at the heart of our plans to internationalize Chrysler, a process which is being accelerated by Chrysler's access to Fiat's distribution capabilities in Europe and Latin America." Toledo North is Chrysler's only assembly plant with only one shift of workers.

Chinese storm the US

By Liz Turner Motor Industry 14 January 2008 21:31 Two years ago, the Chinese manufacturer, Geely, parked a single saloon in the foyer of the Cobo Exhibition Centre for the auto show press day. This year five Chinese manufacturers are presenting their wares, and all have ambitions to start selling them here. Some are seeking co-operative deals with established companies, but none want the role taken by Chery, producing cars designed and engineered by Chrysler.

Aston Martin and Daimler sign technical partnership

Aston Martin Lagonda Ltd. and Daimler AG have signed a technical partnership between Aston, Daimler and Mercedes-AMG GmbH. Recall the companies signed a letter of intent back in July, and since then have been discussing options for cooperation.