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CHRYSLER, HALLA PLAN PLANTS IN PHILIPPINES

SHARE CHRYSLER, HALLA PLAN PLANTS IN PHILIPPINES

U.S. carmaker Chrysler Corp. and the South Korean Halla Group plan to open automobile plants in the Philippines, trade officials said.

Chrysler's joint venture effort to open a $51.8 million plant in the former U.S. Subic Bay Naval Base will mark the first re-entry of an American car company in the Philippines in nearly a decade, Trade Secretary Rizanlino Navarro said.Chrysler plans to assemble its Jeep Cherokee and Dodge Caravan models at the former U.S. base that Manila is trying to turn into a commercial port.

Chrysler, along with the General Motors Corp. and the Ford Motor Co., opened plants in the Philippines in the 1970s but closed the factories during the political and economic crisis in the mid-1980s.

The Chrysler plant is expected to generate more than 2,000 jobs, and will manufacture cars for both the local market and other Asian countries.