Toledo

Chrysler LLC Invests More Than $27 Million in Toledo Machining Plant

By admin - Posted on January 25th, 2008

$26.4 million for manufacturing of a new torque converter; $1.5 million for new steering column production

Toledo, Ohio, Jan 21, 2008 - Tom LaSorda, Chrysler LLC Vice Chairman and President, announced today that Chrysler would invest more than $27 million in its Toledo (Ohio) Machining Plant. The plans were revealed during a keynote speech at the Toledo Regional Chamber of Commerce’s annual meeting.

Toledo Machining, which currently builds torque converters and steering columns, will divide the investment into two separate parts of the plant: $26.4 million will go toward the manufacturing of a redesigned torque converter for automatic transmissions and an additional $1.5 million will be used for production of a new steering column.

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