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AUBURN HILLS, Mich., Dec. 14, 2010 /PRNewswire/ — Following contempo announcements that it would advance about $1.2 billion in its Kokomo, Ind., facilities, Chrysler Group LLC accepted that it is attractive to advance accession $85 actor in its Kokomo Manual Bulb (KTP) for a array of powertrain improvements. With this announcement, the Company’s absolute advance in U.S. accessories would ascend to added than $3 billion aback June 2009.
Chrysler Group notified burghal admiral of the abeyant new advance at the Dec. 13, 2010, Kokomo Burghal Council meeting. At the aforementioned meeting, Chrysler Group additionally requested the alteration of the avant-garde accustomed tax abatement affidavit on the appear $300 actor advance from Indiana Manual Bulb I (ITPI) to KTP to facilitate the assembly of the abutting bearing eight-speed transmission.
“We’re affective eight-speed assembly to KTP because we’re affairs assembly avant-garde and the timing formed bigger at KTP,” said Brian Harlow, Vice President and Head of Powertrain Manufacturing, Chrysler Group LLC. “This move opens up amplitude at ITPI to acclimate the bulb for assembly of the front-wheel drive transmission, which we appear in November.”
At the Dec. 13 meeting, the Kokomo Burghal Council additionally accustomed Chrysler Group’s tax abatement appliance on the $843 actor advance for assembly of the front-wheel drive transmission.
“We are beholden to Mayor Goodnight and the Kokomo Burghal Council for their connected abutment of Chrysler Group,” said Harlow. “These investments authenticate our charge to this association and our workforce. We attending avant-garde to continuing a affiliation that will defended Kokomo’s position as the centermost of our powertrain strategy.”
Chrysler Group’s Kokomo Advance Announcements
On Nov. 23, the aforementioned day President Obama visited Chrysler Group’s Indiana Manual Bulb II, the Aggregation appear that it would advance about $843 actor to board assembly of a new avant-garde front-wheel drive automated manual for approaching Chrysler Group cartage and advice absorb about 2,250 jobs.
In May and June respectively, Chrysler Group appear that it would advance $43 actor and $300 actor in its Kokomo facilities. The $43 actor advance will be acclimated to access accommodation at the Company’s Kokomo Casting and Kokomo Manual plants, acclimate them to abutment assembly of the World Engine and advance processes for the 62TE manual program. The $300 actor advance will acclimate KTP for assembly of a new awful fuel-efficient eight-speed automated manual for approaching Chrysler Group vehicles.
When all investments are combined, the Burghal of Kokomo will be the almsman of the better advance in a distinct year in a distinct community, accretion about $1.3 billion.
In accession to advance added than $1.3 billion in Kokomo, Chrysler Group has fabricated cogent advance against architecture a acknowledged action aback June 2009, including;
Plants and Products
The ITPI currently produces the 45 RFE rear-wheel drive manual for Jeep® Grand Cherokee, Jeep Liberty, Dodge Dakota and Ram Trucks and 68 RFE for Cummins Diesel, Heavy Duty.
Indiana Manual Bulb II produces the W5A580 5-speed manual for the Chrysler 300, Jeep Grand Cherokee, Dodge Durango, Dodge Nitro and Dodge Charger.
KTP makes the 62TE front-wheel drive manual for the Chrysler Town & Country, Dodge Avenger and Dodge Grand Caravan; 42RLE rear-wheel drive manual for the Chrysler 300, Dodge Dakota, Dodge Charger, Dodge Nitro, Ram Trucks, Jeep Liberty and Jeep Wrangler; and the 40TE/41TE – 40TES/41TES front-wheel drive manual for the Chrysler 200, Chrysler Town & Country, Dodge Avenger and Dodge Grand Caravan.
The Kokomo Casting Bulb articles aluminum genitalia for automotive components, manual and transaxle cases
About Chrysler Group LLC
Chrysler Group LLC, formed in 2009 from a all-around cardinal accord with Fiat Group, produces Chrysler, Dodge, Jeep®, Ram Truck and Mopar® cast cartage and products. With the resources, technology and common administration arrangement appropriate to attempt on a all-around scale, the accord builds on Chrysler’s ability of addition — aboriginal accustomed by Walter P. Chrysler in 1925 — and Fiat’s commutual technology — from a aggregation whose ancestry dates aback to 1899.
Headquartered in Auburn Hills, Mich., Chrysler Group’s artefact calendar appearance some of the world’s best apparent vehicles, including the Chrysler 300, Jeep Wrangler and Ram Truck. Fiat will accord world-class technology, platforms and powertrains for small- and medium-size cars, acceptance Chrysler Group to action an broadcast artefact calendar including environmentally affable vehicles.
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