Chrysler will announce 1,250 new jobs and a major investment Thursday at transmission and metal casting factories in the Kokomo, Indiana, 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.
Chrysler plans to use a new nine-speed transmission in the Jeep Cherokee midsize SUV and in the Dodge Dart compact. The Cherokee will replace the aging Jeep Liberty later this year.
Source
The Miami Herald