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Report: Chrysler to announce major investment at its Kokomo transmission plant


Chrysler is expected to announce 250 new jobs and a major investment Thursday at its transmission and metal casting plants in the Kokomo, Indiana, area. According to a report from the Detroit News, Chrysler CEO Sergio Marchionne will confirm the carmaker will invest $162 million and create 850 jobs at a former Getrag Transmission plant in nearby Tipton. An additional 400 ...
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Ford to invest $200 million in Cleveland plant for 2.0-liter EcoBoost engine production
Ford Motor Company will invest nearly $200 million and add 450 new jobs at its Cleveland Engine Plant where the 2.0-liter EcoBoost engine will be produced. “This is our One Ford ...
Survey: Auto execs plan to increase investments in plants and distribution
More and more auto executives around the world say they are planning to increase investments in plants and distribution networks as fears of overcapacity decline. According to a survey released today ...
Volkswagen shortens investment plan due to economic uncertainty in Europe
Volkswagen Group will invest 50.2 billion euros ($62.3 billion) in its automotive division within the next three years in order to accelerate growth. The company's three-year investment strategy from 2013 to ...
VW increases spending to become world’s No. 1 carmaker
Volkswagen is expected to increase investment in new models and factories in order to achieve its long-term goal of becoming the world's largest carmaker. Although VW Group depends less on Europe ...
Toyota expands Huntsville, Alabama plant to build more V6 engines
Toyota broke ground today on an expansion of its Huntsville, Alabama engine plant that will support increased V6 engine production. The Japanese company is investing $80 million in the expansion of ...
Toyota will invest $100 million to increase Lexus production in Canada
Toyota Motor Manufacturing Canada today announced that it will invest more than $100 million to increase Lexus production at its Cambridge, Ontario facility. It will also hire approximately 400 people for ...
Honda to invest $98 million to make CVT parts at Ohio plant
Honda announced it will invest $98 million at its Anna, Ohio, engine plant in order to build pulley components for its continously variable transmissions (CVT). The CVTs are included in Honda's ...
GM announces $200 million investment in Texas stamping plant, adds 180 jobs
General Motors will expand its production plant in Arlington, Texas, in a move that will add about 180 jobs in the Dallas-Fort Worth area. GM today announced that construction will begin ...
Toyota to invest $143 million in new plant in Indonesia
Toyota Motor Corporation is planning to invest $143 million in a new plant in Indonesia. Toyota Motor Manufacturing Indonesia (TMMIN), the Japanese carmaker's local subsidiary, will increase production capacity to meet ...

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