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Toledo expansion announced

by David Zatz on

Chrysler will invest another $19.6 million in its Toledo Machining Plant in Perrysburg, Ohio, to increase the number of torque converters it can machine for nine-speed transmissions. Chrysler’s investments in U.S. operations since June 2009 will, with this increase, stand at $5.2 billion.

ZF nine speed 9

The nine-speed front-wheel drive transmission, whose use is being pioneered by Chrysler, will be made at Chrysler’s Kokomo, Indiana Transmission Plant I, and will debut in the 2014 Jeep® Cherokee. Land Rover is set to use a similar automatic, made by ZF, in the same timeframe.

The new equipment is expected to be installed by the end of 2014. An earlier $72 million investment in the machining plant, to support eight and nine speed torque converters and new steering columns, will be finished by the third quarter of 2013.

Toledo Machining makes torque converters and steering columns for plants in the United States, Mexico, Canada, Venezuela, and Egypt.

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