Chrysler Group LLC has recently reached an agreement with the shell company holding its old assets to buy the Sterling Heights, Michigan production site for $20 million, as Reuters reports, citing Bankruptcy Court documents.
Despite the union’s strong opposition, Chrysler had previously decided that it would shut the plant down by the end of the year, but it seems that the plan was scrapped. The new decision would keep the facility in Chrysler’s fold. It would also save 1,200 jobs at the plan… (read more)