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$1.3 billion of investments in Kokomo (corrected)

by David Zatz on

Kokomo Transmission Plant

The transmission plant in Kokomo will gain a new eight speed automatic rear wheel drive transmission line as well as a new front wheel drive transmission line after Kokomo’s city council voted to approve a ten year personal property tax abatement on $843 million worth of new equipment.

Overall, Chrysler committed this year to investing $1.27 billion into the complex. In contrast, GM is closing its Indianapolis stamping plant. Kokomo is currently home to four Chrysler plants; three build automatic transmissions. Chrysler first started building transmissions in Kokomo in 1956 and on numerous occasions has expanded its three plants there (KTP / Kokomo Transmission Plant; and ITPI and IPTII / Indiana Transmission Plants I and II).

The aluminum casting plant is the world’s largest die-cast facility, and started in 1965. It makes a variety of cast aluminum parts, including transmission and transaxle cases.

(Full story at the Kokomo Tribune; thanks, Allpar forums member KCP Worker, for the tip.)

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