April 15, 2024

Chrysler confirms investment plan for Kokomo, IN plants

Sergio Marchionne, CEO of Chrysler

GM recently announced some investments going into a 4 cylinder engine and creating a few jobs along the way. Naturally, Chrysler couldn’t be outdone.

Sergio Marchionne, CEO of Chrysler
Sergio Marchionne, CEO of Chrysler

Chrysler have just announced that they plan to invest around $843 million in their Kokomo, Indiana facilities.

Sergio Marchionne, CEO of Chrysler Group and Fiat, made a recent visit to the manufacturing plant located in Kokomo, Indiana to deliver the great news.

The millions of dollars that Chrysler plans to invest in the Kokomo transmission manufacturing facilities come along with quite a favorable prospects.

First of all, Chrysler is making these investments in order to prepare themselves for development on a new front-wheel drive automatic transmission. This could mean that the cheaper Chrysler products could get some much needed transmission updates.

Secondly, the $843 million will not only modernize the plant, but also ensure that 2.250 of the employees the plant has will no longer get fired due to budget cuts.

In fairness, I have to admit Chrysler is looking like next year will be on a bit of a roll. They’ll launch their new eight speed transmission by then, they’ll launch this new FWD automatic and even dish out a new version of the Dodge Charger.

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