MEXICO CITY, June 1 (Reuters) - Auto maker Chrysler Group, which is being sold by parent DaimlerChrysler AG (DCXGn.DE: Quote, Profile, Research, plans to invest $570 million in a new engine plant in the northern Mexican city of Saltillo, the company said on Friday.
Production will begin in 2009 on a new family of Chrysler V-6 engines known as Phoenix engines.
This is the second V-6 plant to be announced by the company and once operating will employ 485 workers. The other engine plant will be located in Trenton, Michigan.
Chrysler's Saltillo plant is part of a wider $3 billion recovery and transformation plan, the company said.