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Chrysler Group LLC Invests $240 Million to Increase Engine Production and Adds 1,250 Jobs at Detroit-area Facilities

Chrysler Group LLC Invests $240 Million to Increase Engine Production and Adds
                    1,250 Jobs at Detroit-area Facilities

PR Newswire

DETROIT, Nov. 15, 2012

DETROIT, Nov. 15, 2012 /PRNewswire/ --

  oChrysler Group Chairman and CEO makes announcement joined by Detroit Mayor
  oMack I to receive $198 million to add production of fuel-efficient
    Pentastar engine; will create up to 250 new jobs
  oInvesting additional $40 million in Trenton North to install flexible
    assembly line to boost production of fuel-efficient engines
  oAdding 1,000 new jobs on third crew at Warren Truck in March 2013
  oAnnouncement brings total U.S. investment to nearly $4.75 billion since
    June 2009
  oCompany has added nearly 6,000 hourly jobs since June 2009
  oChrysler Group employees deliver Thanksgiving trimmings to food banks in
    plant cities across the country, including Oakland, Macomb and Wayne
    Counties

Chrysler Group LLC announced today that it will invest nearly $240 million to
increase engine capacity and add about 1,250 new jobs at several Michigan
facilities, reaffirming the Company's commitment to growing its operations in
southeast Michigan.

Chrysler Group Chairman and CEO Sergio Marchionne confirmed that the Company
would make investments and add jobs at the following local plants:

  oMack I Engine Plant: $198 million to produce the award-winning Pentastar
    (V-6) engine
  oMack I Engine Plant: adding up to 250 new jobs at Mack I, subject to
    market conditions
  oTrenton North Engine Plant: investing an additional $40 million to add a
    flexible production line that can run both the Pentastar engine and the
    Tigershark (I-4) engine
  oWarren Truck Assembly Plant: adding 1,000 new jobs on a third crew in
    March 2013 to produce the 2013 Ram 1500

Marchionne, along with Detroit Mayor Dave Bing, other local officials and UAW
Vice President General Holiefield, joined employees to celebrate the news at
an event at the Mack I Engine Plant.

"Today is another important milestone in living up to the commitment we made
more than three and a half years ago to our employees, this city, this region
and our country to transform this company," said Marchionne. "All of these
investments are the direct result of a lot of people who have battled
courageously to bring Chrysler back to a state of growth. It is our
contribution toward helping southeastern Michigan get back on its feet."

"I want to thank Mayor Bing and all the other state and local officials who
worked with us to make these investments possible. Together, and with the
support of our UAW partners, we are committed to building something that will
have a long lasting, direct impact on this community," said Marchionne.

With this announcement, Chrysler Group's investments in its U.S. facilities
increase to nearly $4.75 billion since June 2009. In the same time frame, the
Company has added nearly 6,000 hourly jobs.

"These new investments and new jobs are a testament to the determination we
all had – management, labor and our workforce – to making the best of the
second chance we were given in 2009," said General Holiefield, Vice President
and Director of the UAW Chrysler Department. "In partnership with the UAW,
Chrysler Group is helping grow good paying manufacturing jobs and securing the
future manufacturing base in this country."

At the same time that the Company was making investment and jobs announcements
today, Chrysler Group employees in plant cities across the country were
delivering food to local food banks to help drive out hunger this holiday
season. Additionally, the Company's philanthropic arm, The Chrysler
Foundation, donated more than 1,500 frozen turkeys to the food banks. This is
the second year that the Company has held an enterprise-wide food drive. Last
year, Chrysler Group's donations helped feed more than 12,000 people across
Michigan, Illinois, Indiana, Ohio and Washington, D.C.

These announcements reaffirm Chrysler Group's commitment to Southeast
Michigan. Previously, Chrysler Group announced that it was reopening the
Conner Avenue Assembly Plant for production of the SRT Viper; adding 1,100
jobs on a third crew at the Jefferson North Assembly Plant (Detroit), which
began Oct. 29; and moving employees to a downtown Detroit office.

About the Investments
Mack I, which currently builds the 4.7-liter V-8 for the Ram 1500, will begin
producing Pentastar engines in early 2014. When the 4.7-liter engine phases
out in the first quarter of 2013, Mack I will begin producing crankshafts that
will be shipped to the Trenton Engine Plant to supplement its machining
capacity, followed by production of cylinder heads and cylinder blocks. Once
the plant reaches full capacity, the plant will add up to 250 new jobs,
subject to market conditions.

The $40 million investment at Trenton North for installation of a flexible
production line will give the Company the ability to adjust capacity of either
the Pentastar or the Tigershark engine, currently built at the Dundee Engine
Plant, to meet market demand. This investment is in addition to the $114
million investment and creation of 268 new jobs previously announced in June
to repurpose about one-fifth, or nearly 400,000 square-feet, of Trenton North
for production of core components for the Pentastar engine produced at its
sister plant, Trenton South.

Warren Truck began production of the 2013 Ram 1500 in September. It will
become the third facility in the last year to add a third crew, joining the
Belvidere, Ill., and Jefferson North (Detroit) Assembly Plants. The Windsor
Assembly Plant has been running three shifts since 1993.

About Chrysler Group LLC
Chrysler Group LLC, formed in 2009 to establish a global strategic alliance
with Fiat S.p.A., produces Chrysler, Jeep, Dodge, Ram, Mopar, SRT and Fiat
vehicles and products. With the resources, technology and worldwide
distribution network required to compete on a global scale, the alliance
builds on Chrysler Group's culture of innovation, first established by Walter
P. Chrysler in 1925, and Fiat's complementary technology that dates back to
its founding in 1899.

Headquartered in Auburn Hills, Mich., Chrysler Group's product lineup features
some of the world's most recognizable vehicles, including the Chrysler 300 and
Town & Country, Jeep Wrangler, all-new Dodge Dart, Ram 1500, Jeep Grand
Cherokee SRT8 and Fiat 500. Fiat contributes world-class technology, platforms
and powertrains for small- and medium-size cars, allowing Chrysler Group to
offer an expanded product line including environmentally friendly vehicles.

Follow Chrysler news and video on:
YouTube: http://www.youtube.com/pentastarvideo
Chrysler Group blog: http://blog.chryslergroupllc.com
Twitter: www.twitter.com/chrysler
Streetfire: http://members.streetfire.net/profile/ChryslerVideo.htm
Corporate website: http://www.chryslergroupllc.com



SOURCE Chrysler Group LLC

Website: http://www.chryslergroupllc.com
Contact: Jodi Tinson, +1(248) 512-2944 (office), or +1(586) 219-0677 (cell),
jodi.tinson@chrysler.com; or Shawn Morgan, +1(248) 512-2692 (office), +1(248)
760-2621 (cell), shawn.morgan@chrysler.com
 
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