Monday, June 4, 2007

Newly-independent Chrysler announces massive investment




The divorce from Mercedes may only just be over, but Chrysler isn't hanging around to argue over who gets to keep the Franklin Mint limited edition collectors' plates. Oh no.

The firm has just announced a massive investment in new engine and gearbox technologies, to the tune of $3-billion. A new factory will be built in Mexico to construct a new family of V6 engines that Chrysler says will push the limits of fuel-saving technology, as Detroit readies itself for a legislative onslaught on its gas-guzzling products.

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