Chrysler To Invest In Kenosha Plant To Make New Engines

KENOSHA, Wis. (AP) -- Chrysler says it will make a major investment in its Kenosha Engine Plant so it can manufacture the automaker's next generation of V-six engines.

The efforts are part of a restructuring plan for the struggling automaker. It includes a three (B) billion dollar investment in powertrains.

Chrysler executives will announce how much the Detroit automaker is spending to overhaul the plant on Wednesday. About 850 people work at the Kenosha plant.

Chrysler has previously announced it will build the same "Phoenix" engine at plants to be constructed in Saltillo, Mexico and in the Detroit suburb of Trenton.

A majority of Chrysler is in the process of being sold by DaimlerChrysler A-G- to Cerberus Capital Management.

Chrysler has said the new family of engines will be more fuel efficient and part of its plan to produce engines, axles and transmissions that save gasoline.

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