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Chrysler investing in Ohio plant

Keywords: Tags  Chrysler Group, torque converters, nine-speed transmission, Toledo machining plant

CHICAGO — Chrysler Group LLC will invest $19.6 million in its Toledo machining plant in Perrysburg, Ohio, to increase its production capacity for new torque converters.

Installation is expected to begin in the third quarter of 2014 and be completed by the end of 2014, the Auburn Hills, Mich.-based automaker said.

The new torque converters will be paired with the next-generation, fuel-efficient nine-speed front-wheel-drive transmissions being assembled at one of Chrysler’s transmission plants in Kokomo, Ind., the company said.

Chrysler announced earlier this year that it would spend $374 million to boost its transmission production capacity in Indiana (, March 4).

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