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Chrysler to invest in Ohio plant

Published by Steve Coleman on August 24, 2011

U.S. automaker Chrysler plans to invest $72 million keeping the doors open at a north-western Ohio manufacturing plant.

The company plans to invest in a modernization plan for the factory that includes new equipment and keeping 640 hourly and salaried jobs on the payroll.

In an effort to meet stringent upcoming American rules on gas mileage and energy conservation, Chrysler says its Toledo Machining Plant will make next-generation torque converters and steering columns for its vehicles. The converters will be matched with transmissions made at the company's Kokomo, Ind. facility.

The rumour mill also has Chrysler adding 1,100 employees at its Toledo assembly plant. The line already makes the Jeep Wrangler and Liberty as well as the Dodge Nitro.

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