Chrysler’s CarNation plans $1.3B in new investments to expand its U.S. manufacturing footprint
Chrysler announced on Thursday that it will spend $1 billion to expand the automotive nation of CarNation and invest $1,000 in new factories and research centers to boost the global footprint of the global carmaker.
CarNation, which is based in Chattanooga, Tennessee, is the world’s largest auto dealership network and operates in more than 200 countries.
It operates in 10 different countries and sells cars in more then 20.
The automaker has been exploring a number of expansion plans over the past year, including a $2.5 billion deal with a private equity firm to build a $500 million plant in Chattanooga.
CarNation was also looking to invest $5 billion to build an $800 million facility in Michigan.