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Chrysler is expected to announce a $506.8 million dollar investment to renovate two Sterling Heights, Michigan
factories to ready the plants for the Sebring/Stratus replacements. They will secure 5,000 manufacturing jobs for the
rejuvenated plants. The three new vehicles (Chrysler sedan and convertible and Dodge sedan) will ride on a platform
jointly developed with Mitsubishi and will be taller and wider than the current midsize offering. They will also offer
all-wheel drive and a diesel engine option.