TOLEDO, Ohio (AP) — Dana Holding Corp. is planning to open a $70 million axle manufacturing plant on the former property of the Jeep Parkway auto plant in Toledo.
The Blade newspaper reports the company made the announcement Monday and will be the first tenant of the Overland Industrial Park. It will employ at least 300 people and will make axles for the next generation of Jeep Wranglers.
The Toledo-Lucas County Port Authority bought the 111-acre property and derelict factory from Chrysler in 2010. It developed a 100,000-square-foot industrial building with the hope of luring a tenant.
The land is the site of the first mass production of the Jeep brand during World War II.
A portion of the plant is expected to be operating by the end of next year.
Information from: The Blade, http://www.toledoblade.com/