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Chrysler Investing Nearly $400 Mil, Creating 1,250 Indiana Jobs

Factory to add new 9-speed automatic transmission.

by on Feb.28, 2013

Chrysler will add 1,250 jobs in Kokomo to build its new 9-speed automatic transmission.

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.

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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.

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Chrysler Going to an 8-Speed Gearbox

Licensed from ZF, maker will invest $300 million in Kokomo.

by on Jun.09, 2010

Like its competitors, Chrysler will adopt new, fuel-saving 8-speeds gearbox technology.

Chrysler Group LLC has announced plans to buy 8-speed transmissions from Germany’s ZF.

The automaker will initially import the gearboxes from Europe then begin production of its own at an updated plant in Indiana, saving, the maker says, more than 1,000 U.S. jobs.

The deal will give Chrysler, which is trying to rebuild its technology portfolio, access to an important enhancement to future products. The 8-speed transmission improves the fuel economy for vehicles equipped with gasoline engines while also giving the company bragging rights in a technology recently dominated by its European and Asian rivals.

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“As the U.S. auto industry continues its rebound, we see considerable growth opportunities within it – especially for next-generation vehicles, such as those at Chrysler Group that will use the 8HP 8-speed automatic,” says Hans-Georg Härter, ZF’s President and CEO.

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