Honda has announced that it has made an initial investment of $470 million to build a brand new transmission plant in Celaya, Mexico. For those keeping track, this is the same city that will also house Honda's new automobile manufacturing facility, which will begin production of the Fit compact beginning in the spring of 2014.
Chrysler is getting serious about its eight-speed transmission plans as evidenced by a new report by TheDetroitBureau.com saying that Auburn Hills plans to pull ahead its production schedule. It takes money to make things things like this happen, and Chrysler has announced it is investing $85 million into its Kokomo Transmission Plant in Indiana. That $85M will get added to a rather large pile of cash because Chrysler has already announced an investment amount of $843 million for its various Kok
Last week, Volkswagen of America announced it would build it's first US factory since it's Pennsylvania factory closed in 1984 in Chattanooga Tennessee. The new plant will build a new mid-sized replacement for the Passat. What CEO Stefan Jacoby didn't announce was where powertrains will come from. The new car will be available with gasoline, diesel and hybrid power-plants. The power-train is one of the most expensive components in the vehicle so getting the most out of building cars in the dolla
Volkswagen has been in a marketing and sales funk here in the U.S. over the past few years, but the German automaker plans to drastically change that in the coming decade. A big part of VW's North American growth plan is a brand new plant in South Carolina (actual plant location has yet to be announced) scheduled to begin operation in about three years time, and to get powertrain supplies to the factory, VW is going to build both an engine and a transmission plant somewhere on this continent. Ne