The new plant is under construction in Marysville and expected to be operational in 2010, a Chrysler spokesman said. ZF Group is one of the world’s largest auto parts makers, producing transmissions, steering systems, axles and chassis components.
ZF had revenue of €12.649 billion in 2007, according to its website. Chrysler has increasingly targeted alliances as it looks to free up cash amid a deep downturn in US auto sales in the year since Cerberus took over the automaker. The $700 million Marysville, Michigan axle plant is part of a $3 billion investment Chrysler announced in April 2007 to produce more fuel-efficient V6 engines and related components.
The new Chrysler engines, dubbed ‘Phoenix’ to underscore their importance in the automaker’s competitive rebirth, are set to be produced at a new plant in Trenton, Michigan.
Chrysler relies on sales in the North America market for over 90% of its global sales, a higher percentage than larger rivals General Motors Corp and Ford Motor Co. Chrysler’s US sales have dropped 25% since the start of the year. (Reuters)
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