Chrysler to build car-based SUV
Chrysler to build car-based SUV, sell some assets
08.13.08, 12:11 PM ET
TRAVERSE CITY, Mich. (Reuters) - Chrysler LLC is planning a new car-based SUV that will hit showrooms in 2010, and has identified over $1 billion in non-earning assets it will sell to raise cash.
Chrysler plans to invest about $1.8 billion over the next two years to retool and expand its Jefferson North assembly plant in Detroit that currently builds the Jeep Grand Cherokee, a truck-based SUV.
The new SUV will retain the Grand Cherokee name
, President Tom LaSorda said Wednesday on the sidelines of an industry event in this resort town.
Article: Chrysler to build car-based SUV, sell some assets - Forbes.com
Nitro Year: 2007 (1 of 91,815 sold in 07)
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