Chrysler Group LLC confirmed Thursday that it will invest $164 million in its engine factory in Saltillo, Mexico, to boost production of its Tigershark engine.
The Auburn Hills automaker has invested nearly $1.25 billion in Saltillo this year, and Mexican President Enrique Pena was on hand Thursday to thank CEO Sergio Marchionne for his ongoing commitment to the country and dedicate the new van assembly plant that went online in July.
“I would like to thank President Enrique Pena Nieto for the support his administration has given us, first as governor and now as president. He has always shown a great commitment to promoting strategically important projects,” Marchionne said. “All of this would not be possible without the extraordinary spirit of collaboration we have found in both the federal and state governments. We feel privileged to have the opportunity to contribute to the future growth of Mexico.”
Together, Chrysler’s investments have added 1,570 jobs in Saltillo.
“I want you to know how much I appreciate your hard work and your dedication to the principles of World Class Manufacturing, which is enabling us to compete with the very best plants in the world,” Marchionne told workers during the ceremony.
The Tigershark engine is also produced at two Chrysler factories in Michigan.