Late this afternoon Chrysler Group LLC announced that production of the Dodge Viper SRT10 and its V-10 engine will continue at the Connor Avenue Assembly Plant, where they have been built since 1995.
In a bankruptcy court filing back in May the company said there was no taker for the sale of the car and its entire Conner Avenue plant for only $10 million, and listed Viper as an asset to be disposed of by the old company. Apparently a bid of some $5 million did not have financing behind it. See Viper video here.
As the bankruptcy proceeded the company changed its mind and transferred the business to the surviving Chrysler Group. These assets, besides the car, consist of a 392,000 square-foot plant in Detroit that occupies 27 acres. There, 115 employees assemble the Dodge Viper SRT10 Coupe and Roadster along with the the V-10 engine.
There seems to be no downside to continuing for the moment. The Viper business earned $16 million in 2008 by building 1545 cars and engines. However, during 2009 only 120 Vipers have been built thus far in a plant that is capable of building eight cars a day during its single, 40-hour shift.