PERRYSBURG, Ohio (AP) - Chrysler Group LLC plans to invest $72 million in a northwest Ohio factory and says it is negotiating with state officials over incentives.
The automaker wants to modernize the Toledo Machining Plant in Perrysburg to produce new-generation torque converters and steering columns. The converters would be paired with new transmissions Chrysler is making in Kokomo, Ind., as part of the automaker's strategy to meet fuel economy requirements.
PITTSBURGH(AP) - The U. S. Geological Survey says the Marcellus Shale region contains some 84 trillion cubic feet of undiscovered, recoverable natural gas, far more than thought nearly a decade ago.
Tuesday's figure is much higher than the last government assessment in 2002, which suggested about 2 trillion cubic feet of recoverable gas.
The USGS says the estimate came from new information about the gas-rich formation underlying New York, Pennsylvania, Ohio and West Virginia. Technical improvements in how wells are drilled also contributed to the new estimate.