February 19, 2004


DaimlerChrysler, Hyundai and Mitsubishi to build second engine plant in Michigan

Dundee, Michigan – Global Engine Manufacturing Alliance (GEMA), a joint venture between DaimlerChrysler, Hyundai Motor Company and Mitsubishi Motors Corporation, will build a second engine plant to be connected to the existing GEMA plant in Dundee, Michigan.

GEMA was created as a joint venture between DaimlerChrysler, Hyundai Motor Company and Mitsubishi Motors Corporation to produce a new family of four-cylinder engines, known as “World Engine,” in North America. North American production is scheduled to begin in 2005, with the second plant to begin operations in 2006.

The new facility on the 270-acre site will double the capacity of the overall operation. GEMA is investing U.S.$323 million in the 450,000-square-foot addition, which is expected to add 250 new jobs (with up to another 50 first-tier supplier positions) to the overall operation.

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