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Chrysler Group investing $1.249B in two Mexico plants to produce Ram ProMaster and Tigershark engines
11 October 2013
Chrysler Group will invest $1.249 billion in two Saltillo, Mexico facilities. Of the total investment, $1.085 billion is in the construction of the new Van Assembly Plant to produce the Ram ProMaster commercial vehicle. The additional $164 million will add a new production line to assemble Tigershark engines at the Saltillo North Engine Plant. Mexican development banks Bancomext and Nafin provided financial support for the Van Assembly Plant project.
Both the Ram ProMaster and the Tigershark engine will be exported to different markets, based on Free Trade Agreements that Mexico has with several countries.
The Ram ProMaster assembled in the new plant will be sold in Mexico, US and Canada. It is the only vehicle of its kind to be produced in Mexico and joins the full line of products offered by the Ram brand. It features a modern six-speed automatic transmission (unique for the segment), advanced security systems and vertical space that makes it more efficient to load. The ProMaster is based on the successful Fiat Ducato.
The 2.0-liter and 2.4-liter Tigershark engines will be assembled at the North Engine Plant alongside Chrysler’s HEMI V-8 engines. The 2.4-liter has the advanced MultiAir system, which combines excellent response throughout the revolutions range with low fuel consumption and emissions. The 2.4-liter engine powers the 2014 Jeep Cherokee and Dodge Dart. Production of the Tigershark engine line will begin in the first quarter 2014.
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