On the heels of reports that put a $3.6 billion pricetag on Chrysler’s investment at two Canadian plants, another Canadian outlet is reporting that the money would ensure the future of the two plants for decades to come.
The Windsor Star, citing well-placed sources, claims that the Brampton Assembly Plant that builds the Chrysler 300 and Dodge Charger/Challenger would receive substantial upgrades that would hold the plant over for another decade. By contrast, the complete re-tooling of the Windsor plant to build a sedan, crossover, the next generation Chrysler minivan and a heretofore-unannounced “small minivan for international export”, would apparently safeguard Windsor’s future for thirty years.
The tradeoff for the Canadian government would be a substantial sum, which The Star claims may even be higher than the previously reported $700 million figure. The figure sought by Chrysler, which was not disclosed, is said to be the largest “ask” since the 2009 bailout, when Chrysler received just under $3 billion from both the Ontario and federal governments.
30 years or when FCA files for bankruptcy, whichever comes first.
That was my first thought when reading the article as well.
Hardly anything in automotive is 30 years’ duration.
Bob Lutz.
Where have we heard this before??? Support us and we will stay for……………………………
Okay, sure, give them the money. But if they go bankrupt or otherwise try to change anything (shutdowns, worker reductions) then Canada gets Jeep and RAM brands, lock, stock, IP, TMs, and tooling.