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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