Chrysler says it will spend $27.2-million on new technology for an auto parts casting plant in Toronto, according to an Associated Press report.
The U.S.-based automaker says the move will preserve 280 jobs at the plant in Etobicoke.
Chrysler says the plant, which currently produces aluminum die castings and pistons, is being prepared to make crossmembers.
CAW union leader Ken Lewenza welcomed the investment, saying the move will help preserve and enhance jobs in the city.
Chrysler currently employs about 7,500 people at assembly plants in Brampton and Windsor, Ont. as well as the Etobicoke casting plant.