Post Tagged with: "GETRAG"

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Report – Magna close to inching purchase of Getrag

Report – Magna close to inching purchase of Getrag

The reports on Magna International’s desire to acquire German transmission maker Getrag are now stating the two companies are near to closing the deal, according to sources that have knowledge of the proceeds. We reported earlier this month the North American supplier was mulling a purchase of Getrag, one of […]

Chrysler gets tax breaks for Indiana transmission plant

Chrysler gets tax breaks for Indiana transmission plant

Chrysler Group has received approval for tax breaks from the Tipton County Council in Indiana, where it wants to start operating a transmission plant. The local council approved a 10-year tax abatement worth $2.5 million, according to the local newspaper Kokomo Tribune. Chrysler wants to invest $162 million in the […]

Chrysler may revive Indiana transmission plant

Chrysler may revive Indiana transmission plant

Chrysler Group is again considering to start operating a newly built but never-used transmission plant in Tipton, Indiana. The carmaker once planned to build transmissions in Tipton for its nearby factories. According to reports in the local newspaper, the Kokomo Tribune, Chrysler has requested tax incentives from state and local […]

PowerShift Transmission Production Begins

PowerShift Transmission Production Begins

Production is launching today of the PowerShift dual-clutch automatic transmission for the 2011 Ford Fiesta. The new dual-clutch automatic – the first six-speed transmission in the segment – will help the stylish Fiesta to deliver an expected best-in-class fuel economy rating of at least 40 mpg on the highway with […]