Chrysler will shortly make a significant $266-million investment into its Kokomo, IN transmission factory in a bid to expand production of its eight-speed automatic transmissions.
As consumers pile back into the market for a new car, the good news is that high-value auto manufacturing jobs keep getting added, and in cities that can sure use the help.
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
Sergio Marchionne stopped by Chrysler's transmission manufacturing facilities in Kokomo, Indiana and delivered some good news. The Chrysler Group plans to invest $843 million into the plants to modernize them and prepare for the production of a new front-wheel drive automatic transmission. This pushes the automakers total investment dollars near the $3 billion mark, dating back to June of 2009, with $1.1 billion of that earmarked specifically for the Kokomo facilities. More importantly, this ann