Chrysler announced today that it plans to invest US$1.7 billion for the development and production of the next Jeep SUV, including a $500 million investment at its assembly plant in Toledo, Ohio, where the new model will be manufactured not just for the U.S., but also for export to all global markets.
The plant will be updated with an additional 260,000 square feet added to its body shop, a new quality lab and improvements to its paint shop and material handling facilities.
The Detroit-based carmaker will also add a 26,000-square-foot metrology center to improve fit and finish of the cars and plans to introduce a second shift in late 2013, creating more than 1,100 new jobs in the process.
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