KOKOMO, Ind. (AP) - A report says the Chrysler Group will announce investments and jobs to boost transmission manufacturing in the Kokomo area next week.
The Kokomo Tribune reports Chrysler Chairman and CEO Sergio Marchionne will join Gov. Mike Pence for the Feb. 28 announcement.
Chrysler officials announced last year they intend to produce more efficient eight- and nine-speed transmissions at its three Kokomo transmission plants. Local officials approved tax abatements on what's expected to be a $1.3 billion investment in new transmission manufacturing lines that would create as many as 400 new jobs.
Chrysler officials announced plans in December to invest $162 million in equipment in the former Getrag Transmission plant in nearby Tipton. The company said it would create 850 jobs at the facility with an annual payroll of $39 million.
Source: http://www.wishtv.com/dpp/news/local/north_central/report-chrysler-to-make-kokomo-jobs-announcement
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