Chrysler to announce investment in Kokomo, Ind., plants

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.

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