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After recovering from the shock of GM announcing multiple plant closings in Canada, the autoworkers up there (at least the ones employed by DCX) must be absolutely ecstatic about DaimlerChrysler's announcement that it will invest $640 million ($728 million in CDN) in its Canadian operations. The money will go into improving current facilities, developing flexible manufacturing lines and R&D. The Ontario and Federal Governments were instrumental in the securing the investment from Chrysler, though the company credits both governments, its recently ratified collective agreement with the CAW and the general popularity right now of DaimlerChrysler vehicles being produced in Canada. The bulk of the investment will go to the Windsor Assembly Plant, which will be retooled for future products and get an all paint-facility in 2007. The DCX Automotive Research and Development Center and Brampton Assembly Plant will also see some green.

[Source: DaimlerChrysler]

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