July 20, 2007

Chrysler Group announces US$1.2 billion investment in Ontario plant

Auburn Hills, Michigan – The Chrysler Group has announced that the company will invest US$1.2 billion in its Brampton, Ontario assembly plant for the next generation of the Chrysler 300, Dodge Magnum and Dodge Charger. In conjunction with the announcement, the plant celebrated the production of a Chrysler 300 that marked its one millionth LX rear-wheel drive platform.

The Brampton plant will also produce all international LX-based vehicles in calendar year 2010, with production moving from the Magna Steyr facility in Graz, Austria. The Ontario plant will produce both left- and right-hand drive models, and diesel variations for Europe. The Austrian plant also produces the Jeep Grand Cherokee and Commander, and Chrysler minivan vehicles for markets outside of North America. The announcement will not affect Chrysler 300C production at Beijing-Benz DaimlerChrysler, which builds the model for the Chinese market.

“We are very pleased that our commitment has allowed Brampton Assembly to gain not only an additional product, but also a significant production commitment moving forward,” says Plant Manager Alberto Gonzalez. “We are also extremely proud to be celebrating the one millionth LX, as this represents the significant market success of this product.”

The Brampton Assembly Plant was built in 1968 and acquired by Chrysler when it purchased American Motors Corporation in 1987. The plant produces the Chrysler 300, Dodge Magnum and Dodge Charger, and will produce the Dodge Challenger. It has a three-shift operation and employs approximately 4,000 hourly workers.

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