AUBURN HILLS, Michigan, December 14, 2010/PRNewswire /-
Kokomo recipient of larger total investment in a single total investment community a year in the United States facilities company could climb to over $ 3 billion since June 2009
After the recent announcements that it would invest almost $ 1.2 billion in its Kokomo, Ind., installations, Chrysler Group LLC has confirmed that it seeks to invest another 85 million in its plant in Transmission Kokomo (KTP) for a variety of group powertrain improvements. With this announcement, total investment company in the United States facilities would climb to over $ 3 billion since June 2009.
Chrysler Group informed the representatives of investment of new potential at December 13, 2010, meeting of the municipal Council of Kokomo city. At the same meeting, group Chrysler also requested the transfer of the certificate of tax reduction already approved on the investment of 300 million from Indiana transmission plant I (se) of KTP to facilitate the production of next-generation 8-speed transmission.
"We're going to go eight - speed production KTP because we are going to draw future production and where worked better KTP," said Brian Harlow, Vice President and head of Powertrain Manufacturing, Chrysler Group LLC. "This move opens the space to be to prepare the plant of the transmission of the front-wheel drive, which announced us in November.
Meeting of December 13, Kokomo City Council also approved tax reduction in application of the Chrysler Group investment $ 843 million for the production of the front-wheel drive transmission.
"We are grateful to Goodnight Mayor and Council of Kokomo city for the support of the Group of Chrysler," said Harlow. "These investments demonstrate our commitment to our workforce and the community." We look forward to continue a partnership which ensure the position of the Kokomo as the Centre of our strategy of Powertrain. »
News investment group Chrysler Kokomo
November 23, the same day President Obama visited Indiana Transmission Plant II in the Chrysler Group, the company announced that it would invest nearly $ 843 million to meet the needs of the production of a new automatic transmission advanced front-wheel drive for future Chrysler Group vehicles and help retain nearly 2 250 jobs.
In May and June respectively, Chrysler Group announced that it would invest $ 300 million in Kokomo facilities and $ 43 million. $ 43 Million investment will be used to increase the capacity of the company Kokomo Casting and Kokomo Transmission plant, adapt to support the global engine production and improve the process for program transmission 62TE. $ 300 Million investment will prepare KTP for the production of a new highly efficient fuel eight-speed automatic transmission for future Chrysler Group vehicles.
When all investments are combined, Kokomo city is the recipient of the most important investment in a single year in a single community, totalling almost $ 1.3 billion.
In addition to invest more than 1.3 billion dollars in Kokomo, Chrysler Group made significant progress in building a business successfully since June 2009, including;
565 Million for the year 2010; updated operating income statement reporting month consecutive eighth increases sales more year in November. announces an investment of $ 600 million in Belvidere assembly plant (Illinois). announces an investment of $ 1 billion in Sterling Heights assembly plant (Michigan) and surrounding stamping facility as well as its installation GEMA (Dundee, Michigan). Adding a second production - change or close to 1,100 jobs - at its Jefferson North assembly plant (Strait); by announcing that it would add nearly 900 jobs over a quarter of a second at its plant in Sterling Heights, Michigan) mounting in the first quarter of 2011; launch of the all-new Chrysler 200, Dodge Avenger and Dodge Durango 2011 in December. launch of the all-new 2011 Jeep Grand Cherokee in May. announcing it will invest $ 179 million to launch production of the 1.4 litre, 16 valves fully integrated robotised Engine (FIRE) Global Alliance (GEMA) manufacturing company in Dundee, Michigan, creating over 150 new jobs Chrysler engine plant.
Plants and products
The is happening transmission 45 RFE robust Jeep ® Grand Cherokee, Jeep Liberty, Dodge Dakota and truck the RMA and RFE 68 for Cummins Diesel propulsion.
Indiana Transmission Plant II produces 300 Chrysler, Jeep Grand Cherokee, Dodge Durango, Dodge Nitro and Dodge Charger W5A580 5-speed transmission.
KTP allows transmission of traction before 62TE Chrysler Dodge Avenger Town & country and Dodge Grand Caravan. Transmission of propulsion 42RLE Chrysler 300, Dodge Dakota, Dodge Charger, Dodge Nitro trucks of RAM, Jeep Liberty and Jeep Wrangler. and 40TE/41TE-40TES/41TES traction before transmission of 200 Chrysler, Chrysler Dodge Avenger Town & country and Dodge Grand Caravan.
Kokomo Casting plant manufactures parts for automotive components, transmission and transaxle cases aluminum
About Chrysler Group LLC
Chrysler Group LLC, formed in 2009 a global strategic alliance with Fiat Group produces Chrysler, Dodge, Jeep ®, RAM trucks and vehicles Mopar ® brand and products. With the resources, technology, and distribution around the world to compete globally, network alliance builds Chrysler innovation - first created in 1925 by Walter P. Chrysler - Fiat - a company whose heritage dates back to 1899 complementary technology culture.
Headquartered in Auburn Hills, Michigan, range product of the Chrysler Group featuring some of the most recognizable vehicles worldwide, including Chrysler, Jeep Wrangler and Ram Truck 300. Fiat will contribute technology, platforms and powertrains for small and medium-sized cars, allowing Chrysler Group to offer a range of products including for environment-friendly vehicles.
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