TOLEDO (TDB) -- Chrysler President Tom LaSorda told the Toledo Regional Chamber of Commerce today the automaker intends to invest $27 million in its local machining plant, a move the preserves more than 200 jobs. Toledo Machining builds torque converters and steering columns. LaSorda said a redesigned torque converter will be added to the company's automatic transmissions, which will improve fuel efficiency. Toledo Machining is in Perrysburg and employs 1,530 union workers. Said LaSorda:
"Chrysler's investments in the Toledo area are rooted in our faith that we can keep good-paying manufacturing jobs in America as long as government, our unions and our companies all pull together for the common good. We at Chrysler have a stake in Toledo being a vital city, and we're pleased at the ongoing progress."