Chrysler plans to invest nearly $400 million and create 1,250 new jobs at two plants near Kokomo, Indiana.
It’s the latest in a series of investments by the maker that has resulted in the creation of 8,000 more new positions since Chrysler emerged from bankruptcy in 2009. The new project also protects the jobs of another 3,400 jobs in Kokomo, a hub of automotive parts manufacturing.
“Chrysler’s future and the future of North Central Indiana are tied together, and that future has never looked brighter,” said Kokomo Mayor Greg Goodnight, following the announcement by Chrysler CEO Sergio Marchionne.
In his own comments, Marchionne pointed out that Kokomo is the only place in the world where Chrysler produces transmissions – though it does “outsource” some from suppliers like Germany’s ZF.