A local Chrysler stamping plant is looking to expand its capacity by up to ~3.6 million parts a year. Mauri Pino, Chrysler’s VP of manufacturing, stated that their assembly plants’ production “has nearly tripled in the past five years” and this expansion will cost Chrysler 63 million U.S. dollars. The particular plant employs about 2,000 and has been operating for 65 years!

This is yet another investment that the automotive industry of the Motor City is making in Detroit. Chrysler, headquartered in suburban Detroit, is a global automotive company that is part of the international holding company ‘Fiat Chrysler Automobiles, NV’. As of December 2012, Chrysler Group LLC employed 65,535 employees (Source: SECURITIES AND EXCHANGE COMMISSION Form 10-K)

Local, national, and global companies continue to acknowledge the many benefits of investing in Detroit. Contact Us today and one of our professional team members can help you understands the advantages of Detroit Real Estate Investments.