DaimlerChryler to Invest $1 Billion

1 decade 3 years 4 months ago Wednesday, April 05 2006 Apr 5, 2006 Wednesday, April 05, 2006 1:06:41 PM CDT April 05, 2006 in News
The investment announced Monday at the Fenton complex will pay for modernization and retooling of the factories. The upgrades will begin next year. DaimlerChrysler makes Dodge Ram pick-ups and Chrysler and Dodge minivans at its plants in Fenton in southwest St. Louis County. The North and South assembly plants employ 5,500 people. The announcement comes after Governor Blunt's office finalized an incentive package with the company's Chrysler division to secure the new investment. The city of Fenton also provided tax incentives.

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