The project pools the resources of the three companies in a method called "cross functional team participation." Each partner will take the lead in a specific area for the plant planning and implementation, including plant layout, production processes and workforce strategy.
It is expected that within 5 years, the plant will have created about 400 jobs. "Upon completion of the plant, we will begin producing world-class engines in a truly innovative manufacturing environment. This operation will clearly take advantage of the strengths of each alliance partner," says Dieter Zetsche, Chrysler group president and CEO.
Hyundai will begin manufacturing the engines in Korea in 2004. Mitsubishi will also begin production in Japan in 2004. Production at the U.S. facility will begin in 2005.