Mississauga, Ontario – Chrysler will invest $27.2 million into its Etobicoke Casting Plant in Toronto to produce front and rear crossmembers for future Chrysler vehicles, starting in the third quarter of 2011. The investment will retain the 280 jobs at the plant.

The funding will be used for new tooling and equipment to enhance the plant’s capability, and new technologies that will improve the quality, testing and inspection processes. The plant currently produces aluminum die castings and pistons for a variety of Chrysler vehicles.

The Etobicoke Casting Plant was built in 1942 and purchased by the Chrysler Corporation in 1964. It underwent major expansions in 1965 and 1998.

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