"Chrysler said it will invest $1.7 billion to develop and build a successor to the Jeep Liberty, including $500 million to retool and expand the Jeep assembly plant here.
Chrysler confirmed the Liberty will be replaced in model year 2013 by a new D-segment model that will be exported to markets around the world.
It said the remainder of the $1.7-billion investment will be spent on other Chrysler facilities in the U.S. as well as supplier tooling and related development costs for the new model.
The Toledo North Assembly Plant builds the 2012 Jeep Liberty and Dodge Nitro. The Toledo announcement suggested there is no replacement planned for the Nitro." [Continue reading...]
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