(Read more on the industrial market.)

AUBURN HILLS, MI-Locally based Chrysler Group, a division ofDaimlerChrysler, plans to build two new automotive manufacturingplants in Michigan, in Trenton and Marysville, though the latterproperty must be annexed from St. Clair Township first. The companywill spend about $1.4 billion to build the new plants, and afacility in Trenton and the 90-year-old Detroit Axle plant.

The company will close the Trenton Engine Plant, and spend $730million on the new plant to produce the "Phoenix" family of V-6engines next door. The 780,000-sf plant will begin production in2009, said Chrysler officials in a statement. Company officials didnot return phone calls for comment on this story.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.