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Chrysler invests in Kokomo casting plant for Phoenix engines

by David Zatz on

According to the Kokomo Tribune, Chrysler will invest $68 million in the Kokomo Casting Plant to make engine blocks for Chrysler’s new Phoenix six-cylinder engine and parts for the automated manual transmissions to be built in Tipton County. The Kokomo Common Council is considering a tax abatement on the new equipment on Monday; even with the tax breaks, around $2.76 million would be added to local tax revenue over ten years. (Thanks, KCP Worker.)

David Zatz founded Allpar in 1998 (based on a site he had begun in 1993-94), after years of writing reviews for retail trades. He has been quoted by the New York Times, the Daily Telegraph, the Detroit News, and USA Today. Before making Allpar a full-time career, he was a consultant in organizational psychology. You can reach him by using our contact form (much preferred) or by calling (313) 766-2304

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