• Nov 15th 2012 at 3:12PM
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Chrysler CEO Sergio Marchionne plans to increase produc... Chrysler CEO Sergio Marchionne plans to increase production of the Ram 1500 pickup. (Photo courtesy Chrysler).
Chrysler today announced it is investing more in Detroit and Southeast Michigan and adding another 1,250 jobs on top of thousands it has added since emerging from bankruptcy three years ago.

The automaker, which is owned by Italian automaker Fiat and the United Auto Workers healthcare trust, and markets Chrysler, Dodge, Jeep, Ram and Fiat brands, will invest $240 million at three Michigan plants to increase production of Ram pickup trucks, as well as engines.

Check out our review of the new Ram 1500 here

"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," Chrysler/Fiat CEO Sergio Marchionne said. "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."

A hot-button issue during the presidential campaign, Marchionne said the investment is proof that the federal government's decision to lend Chrysler money in 2009 as it emerged from Chapter 11 bankruptcy was a good one.

"Those who still doubt that we would use the second chance taxpayers granted to us to build something better and long lasting...only have to come here and see for themselves how seriously we have taken our responsibility," Marchionne said today at Chrysler's engine plant in Detroit.

The investments, first reported by the Detroit Free Press, include:

• $198 million at Chrysler's Mack Avenue Engine I plant where Chrysler will add about 250 workers to build its V6 Pentastar engine. This is especially welcome as it is investment in downtown Detroit, which sorely needs it.

• $40 million at Chrysler's Trenton North engine plant to build Pentastar and Tigershark four-cylinder engines.

• The addition of a third shift at Warren Truck in Warren to build more Ram 1500 pickups.
With this announcement, Chrysler's investments at it U.S. plants since it emerged from Chapter 11 bankruptcy in 2009 now tops $4.75 billion. The company also has added nearly 6,000 hourly jobs in the U.S.

Marchionne entered the political fray last month when former White House hopeful Mitt Romney began running ads in swing-state Ohio suggesting that Chrysler was moving jobs out of Ohio to build Jeeps in China. Marchionne fired a rebuke at Romney for misleading the public.

Chrysler is considering investments in China that would enable the company to sell more Jeeps to Chinese consumers. Automakers have to build in China to sell to the Chinese or face stiff tariffs that would make a Jeep Grand Cherokee cost the equivalent of about $75,000.

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    • 1 Second Ago
      • 2 Years Ago
      Great news!
      • 2 Years Ago
      Huraay for Michigan and huraay for Chrysler! Hopefully, this will mark the start of the turn-around for America - no thanks to BO! He didn't build it!
      • 2 Years Ago
      my ram 3500 was made in mexico....
      • 2 Years Ago
      I'm 75 and own a 1994 Chrysler Concorde dark green with silver panels...a good looker....I love my car from the day I bought her but I have replaced almost the everything in her (Suzy)..she has 125,000 miles and now she's deteriorating bodily from age fast...kinda like me...She still runs like a rabbit..but everyone has told me that I'm a fool to put any money in her....because I'm on very very low income..and can't really afford to make a change at this stage of the game....and I'm old... and have one leg missing and a bad heart and lungs..but I keep rolling and just hoping she outs lasts me..
      • 2 Years Ago
      Didn't Mitt say Chrysler was moving to China????
      king of aruba
      • 2 Years Ago
      Whoops!!! Mitt's wrong again. Anyone see a pattern here?
        • 2 Years Ago
        @king of aruba
        I believe if you looked into the facts, Mitt wanted a structured bankruptcy that would have lent Chrysler the money but fairly paid debtors and stock holders similar to what Obama is taking credit for and slamming and defacing Romney on. However, Obama only looked out for the union thugs who are his base. He screwed the investors and most creditors. Anyone see a pattern of thug support in this administration?
      • 2 Years Ago
      That almost offsets the 30,000 jobs lost last week
      • 2 Years Ago
      Betting on the sale of trucks with gas prices likely going to climb is probably not a good idea....
        • 2 Years Ago
        Word is the new Ram with the eight speed automatic gets around 24 mpg , not much worse than a clown car , but the ability to pull that travel trailer you might be calling home soon......
      • 2 Years Ago
      240 million is NOT a" huge" investment as the headline says. That's chump change in the world of auto production.
      • 2 Years Ago
      I feel a little less hatred towards Chrysler than I do Gov't Motors. I would consider a Chrsyler before ever again looking at a Gov't Motors car. You would think since WE THE PEOPLE own them, we would get an employee deal! Gov't Motors reputation is wrecked and will be for a very long time.
      • 2 Years Ago
      why put more money in the truck plant when they tore down a recently re-tooled one in st.louis. makes alot of sense to me
      • 2 Years Ago
      Recently I went to look at some new " Chrysler" vehicles. The 300 was built in Canada, with a Mexican built Hemi engine and a German made transmission. The Ram truck was built in Canada or Mexico with the same Mexican built Hemi engine. So where exactly is all of this supposed USA money really being spent?
        • 2 Years Ago
        Well wrench, maybe you should ask Ford that question, because they built their seond plant in Thailand.
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