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Tag Archive for 'Sterling Heights'

Chrysler to buy Sterling Heights plant

The current Chrysler Group LLC has reached an agreement with the “Old Carco” to buy the Sterling Heights assembly plant, where the Dodge Avenger and Chrysler Sebring are made. The selling price is $20 million, at the high end of estimates of the plant’s worth, with the sellers likely taking advantage of Chrysler’s need for [...]

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Chrysler hopes to buy one plant, sell another

Chrysler Group received a two-week extension from the city of Sterling Heights to complete a purchase of the Sterling Heights Assembly Plant (SHAP) from Old CarCo. The automaker had been given a deadline of February 16 to complete the purchase and qualify for $8.2 million in tax abatements but requested the extra time due to [...]

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Chrysler asks Sterling Heights for more time

Chrysler Group is asking the city of Sterling Heights for another extension of the deadline for the purchase of the Sterling Heights Assembly Plant. At stake are millions of dollars in tax abatements the company hopes to preserve.
The Sterling Heights City Council is willing to continue the tax breaks but only if Chrysler Group purchases [...]

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Chrysler negotiating to buy SHAP?

Sources claim that Chrysler is negotiating with Old CarCo and the U.S. Bankruptcy Court to buy the Sterling Heights Assembly Plant. The move would save some 1,200 jobs that would otherwise have been eliminated at the end of this year.
Sterling Heights was one of the facilities left behind when the reorganized Chrysler Group LLC emerged [...]

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Former Chrysler bankruptcy moves forward

The old Chrysler, Old Carco or Chrysler LLC (as opposed to Chrysler Group LLC), has had its bankruptcy process moved forward as Judge Arthur Gonzalez approved the company’s disclosure statement and voting process for liquidation.
Michigan tax and environmental agencies are demanding priority, as the old company owes some taxes and $2.8 million in environmental remediation [...]

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Sterling Heights addressed in Freep interview

The Detroit Free Press asked Sergio Marchionne about the future of the Sterling Heights Assembly Plant, which sits on Van Dyke road a few miles north of the Warren plant, and currently makes the Sebring and Avenger. Marchionne suggested that the company could do without Sterling Heights (observers have suggested that with common platforms, any [...]

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