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Updated Wednesday, February 10, 2010 11:42 am TWN, AFP

Chrysler to build Fiat 500s in Mexico

TOLUCA, Mexico -- Chrysler Group LLC will invest US$550 million in Mexico to produce Fiat 500s for the United States and Latin America, Mexican President Felipe Calderon said Monday. The investment would generate 400 direct jobs and more than 1,200 indirect jobs, Calderon said at a launch ceremony at the Chrysler plant in Toluca, some 70 kilometers (40 miles) west of Mexico City.

The vehicles would be produced at Toluca, one of five Chrysler plants in Mexico, and would start distribution at year end to the United States and Latin America, Fiat chief executive officer Sergio Marchionne told AFP.

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