Chrysler plans $374-million transmissions investment
Mar 04, 2013 | 01:17 PM
| Corinna Petry
Tags
Chrysler Group,
Sergio Marchionne,
investments,
transmission plant,
Getrag Transmission Manufacturing,
Ken Lortz,
United Auto Workers,
Corinna Petry
CHICAGO — Chrysler Group LLC will invest nearly $374 million to boost its transmission production in Indiana, adding about 1,250 jobs.
The Auburn Hills, Mich.-based automaker will put $212 million into its Kokomo Transmission, Kokomo Casting and Indiana Transmission I plants, installing additional tooling and equipment to produce eight- and nine-speed transmissions, chairman and chief executive officer Sergio Marchionne announced. Work on the three facilities....
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