Chrysler and Getrag are teaming up to build a transmission plant in Indiana, at a cost of around $530 million. The production center, set to open in 2009, will produce approximately 700,000 dual-clutch transmissions annually in Tipton, Indiana.

The new plant will employ about 1,000 Chrysler workers, all under the watchful eye of Getrag execs.

No details about the new gearbox, or its applications, were available, but with production expected to reach 700k a year, we'd expect the new DSG to populate the majority of Chrysler's offerings.

[Source: Reuters]