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Chrysler confirms state investment of $374 million

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Chrysler Group LLC plans to invest a total $374 million and add 1,250 jobs in Kokomo and Tipton, the company confirmed Thursday.

The Auburn Hills, Mich.-based automaker, which employs more than 6,100 people in Indiana, intends to spend $212 million retooling equipment in two of its three transmission plants in Kokomo and its casting plant in the city, creating about 400 jobs.

Chrysler plans another $162 million investment in a never-used factory in Tipton County that will hire 850 people to produce nine-speed transmissions.

Thursday’s announcement confirms tentative expansion plans Chrysler unveiled in December, when it said it was considering the investment.

Chrysler will post the job openings on its website, www.chryslercareers.com.

The company, majority-owned by Fiat SpA, has pledged more than $1.6 billion to its Indiana operations since it emerged from bankruptcy in 2009.

Transmissions and other power train components have become a major focus for Chrysler as it looks to boost its vehicles’ fuel efficiency and grow its market share.

It finished 2012 with about 1.65 million U.S. sales, making up a little more than half the ground lost after sales plummeted to 931,000 in 2009 from more than 2 million in 2007.

The latest investment in Kokomo will add jobs to a city that saw unemployment surpass 20 percent in 2009.

Chrysler will occupy a factory that has led to multiple disappointments for Tipton. The 800,000-square-foot plant was built in 2008 by Chrysler and German transmission maker Getrag, but the partnership fell through before construction finished.

Loveland, Colo.-based Abound Solar received a U.S. Department of Energy loan guarantee in 2010 to expand into the facility. But the solar panel module manufacturer filed for bankruptcy in June.

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  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

  3. Illegal aliens. Not undocumented workers (too young anyway). I note that this article never uses the word illegal and calls them immigrants. Being married to a naturalized citizen, these people are criminals and need to be deported as soon as humanly possible. The border needs to be closed NOW.

  4. Send them back NOW.

  5. deport now

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