Chrysler Is Planning To Invest $843 Million In Its Kokomo, Indiana Plant

Posted Nov 24, 2010

Chrysler Group LLC has announced plans to invest $843 million in their Kokomo, Indiana transmission plant. This is Chrysler’s second major investment in their Indiana plants. Chrysler spent $343 million to make eight-speed automatic transmission rear-wheel drive vehicles.

These new transmission investments are through a partnership with the ZF Group in Friedrichshafen, Germany. “For years, Kokomo has been at the center of our powertrain strategy and the potential of an additional investment reaffirms that position,” stated Chrysler and Fiat CEO Sergio Marchionne.

The Indiana Transmission Plant makes rear-drive transmissions for the Jeep Grand Cherokee, the Jeep Liberty, the Dodge Dakota, and the Dodge Ram.

[Detroit News]