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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.)

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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