Hoovey689

iTrader: (16)

Could Chrysler leave Michigan for Tennessee?

Detroit's Big Three could become the Big Two. According to an AP report in The Detroit News, state officials have been lobbying for Fiat-Chrysler CEO Sergio Marchionne to select Tennessee as the location for Fiat's joint headquarters with Chrysler Group LLC.

This weekend, Marchionne met with Tennessee governor Bill Haslam at a ceremony celebrating the expansion of a Fiat subsidiary plant in the city of Pulaski. The AP report does not mention any serious talks about headquarters relocation, only that Tennessee officials have been "working me over pretty well," according to Marchionne.

Fiat hopes to complete its merger with the Auburn Hills-based automaker sometime next year, and earlier reports have stated that the company is seeking $10 billion in financing to buy the remaining bits of Chrysler. If the company were to relocate, it would join Nissan and Volkswagen in having major American automotive operations in Tennessee. Of course, that whole "Imported From Detroit" thing would need to go out the window, as well.

http://www.autoblog.com/2013/06/18/c...for-tennessee/

scgt652

I remember when Chrysler moved into their current headquarters in Auburn Hills. It was a step up from the old HQ in Highland Park. The move helped spur tremendous growth in nearby Rochester Hills and Oakland Township.

Hoovey689

iTrader: (16)

Imagine what will happen to the already battered Detroit Area if big business Chrysler moves away :/