A Billion dollar expansion of auto factories employing more than 5,000 Missourians hinges on the tax breaks the state and local governments are willing to offer. DaimlerChrysler has made it clear, telling the Fenton Board of Aldermen that it is prepared to invest one Billion dollars in its two plants there as long as it gets the incentives it wants from the city, county, and state – and negotiations with the United Auto Workers go well. State Economic Development Department spokesman Paul says negotiations are ongoing, but won’t give details on the talks. Chrysler proposes an initial $531-Million investment over four years to modernize both factories. $377-Million would upgrade the South plant, where 3,200 workers assemble mini-vans, and $154-Million would upgrade the North plant, which employs 2,300 workers building pickups. Sloca says the state understands the importance of Chrysler’s plans. Chrysler proposes spending another $500-Million on both plants after the initial investment is completed.
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