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Confirmed: Tipton for transmissions

by David Zatz on


Chrysler’s investment in Tipton, Indiana, would result in 850 new jobs, according to company officials quoted by the Indy Star. Chrysler is interested in buying a factory built and then abandoned by a Getrag and DaimlerChrysler joint venture, and has asked the county for a tax abatement on the tooling, which would cost $49 million. The total investment would be $162 million, according to a spokesman; the plant itself has an asking price of under $40 million.

Chrysler’s Jodi Tinson said the company needed more transmission production capacity, given recent sales increases. The company is also looking at expansions in or near Kokomo, where it makes five-speeds and soon will make eight and nine-speeds. Neither location has been confirmed as final.

Full Indy Star story • Thanks to KCP Worker.

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