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Chrysler to Open Indiana Plant in Kokomo

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Chrysler to Open Indiana Plant in Kokomo

Chrysler confirmed plans to expand its Indiana operations with a plant in Kokomo, creating 850 new jobs.

The company plans to invest $162 million in an empty plant in Tipton County, where the automaker previously made other investments before Getrag, its German partner, pulled out of the project. Yesterday, December 17th, the Tipton County Board of Commissioners approved a 10-year tax abatement worth $2.5 million for the facility plan.

“There are several more steps that need to be completed before we can fully confirm our plans for Tipton,” Chrysler spokeswoman Jodi Tinson said in a statement. “We understand the enormous interest in a potential new project, but for confidentiality reasons, we can offer no further details at this time.”

The plant was about to be a 1,400-worker factory to manufacture transmissions for Chrysler, until Getrag pulled out of the project and construction was stopped in 2008. Now Chrysler plans to use the facility to produce a new line of nine-speed transmissions, and turn them out by the end of 2014. The automaker has requested $48.6 million tax abatement for equipment that will be installed in the plant.

“We’re thrilled to death with the opportunity for 850 folks to have new jobs in Tipton County,” said Linda Williamson, interim director of Tipton County Economic Development.

by Ana Cezara Savin (my Google+) - Tuesday, December 18th, 2012 - filed under Chrysler, Industry, News. Image credit: .
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