Midwest Memo: Big Three Eye Ohio, Indiana Snags Illinois Company, Toyota Banks On Revamped Camry

Three stories making news across the Midwest today:

1. Chrysler invests in Toledo. Ohio Gov. John Kasich emerged from meetings with Big Three officials with a promise from Chrysler to invest $72 million in a Toledo-area machine plant that retains 640 jobs. That may just be the beginning. The auto companies see Ohio as fertile ground for future investments. “We’re very encouraged by the changes we see happening in Ohio,” GM executive director Bryan Roosa tells the Columbus Dispatch. “The attitude toward manufacturers is very supportive.”

2. Toyota unveils 2012 Camry. After two years of setbacks associated with a widespread recall and Japanese catastrophe, Toyota is banking on its 2012 Camry to reestablish itself as an industry leader. Unveiled Tuesday, the ’12 is its first redesign in five years and attempts to match competitors in styling. “It’s critical they get this right,” Michael Robinet, VP of global vehicle forecasts at HIS Automotive tells AOL Autos. “They are facing a deluge of competitors that are really getting it right.”

3. Indiana snags Illinois company. Modern Drop Forge, a manufacturer of vehicle parts, said Tuesday it will move operations from Illinois to Merrillville, Ind. The company, which employs 700 in four states, received incentives worth as much as $2.2 million from the Indiana Economic Development Corporation. Business owner Greg Heim told partner station WBEZ the cost of doing business in Illinois had crept too high, with the state raising its corporate income tax from 4.7 to 7 percent until 2015.

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