by Tom Krisher
Associated Press
February 28, 2013
Chrysler will announce 1,250 new jobs and a major investment today at transmission and metal casting factories in the Kokomo, Ind., area.
CEO Sergio Marchionne will confirm that the plans include an investment of $162 million and the creation 850 jobs at a former Getrag Transmission plant in nearby Tipton. Another 400 jobs will be created at three other factories.
The company is investing millions in the Kokomo area to build fuel-efficient eight- and nine-speed automatic transmissions.