Hyundai to Build Parts in U.S. for Chrysler
Hyundai Mobis Co., South Korea’s largest auto parts maker, will build chassis frames in the U.S. for DaimlerChrysler’s Chrysler unit in a deal valued at about $155 million a year.
Mobis will assemble chassis frames with engines, transmissions, brake systems and about 300 other components for Chrysler’s sport utility vehicles at the U.S. automaker’s plant in Toledo, Ohio, under a long-term agreement, the Seoul-based company said.
Chrysler and its suppliers will invest a total of $900 million in Toledo to produce redesigned versions of the Jeep Wrangler and Liberty sport utility vehicles, the company said.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
