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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. In reality, Lilly is maintaining profit by cutting costs such as Indiana/US citizen IT workers by a significant amount with their Tata Indian consulting connection, increasing Indian H1B's at Lillys Indiana locations significantly and offshoring to India high paying Indiana jobs to cut costs and increase profit at the expense of U.S. workers.

  2. I think perhaps there is legal precedence here in that the laws were intended for family farms, not pig processing plants on a huge scale. There has to be a way to squash this judges judgment and overrule her dumb judgement. Perhaps she should be required to live in one of those neighbors houses for a month next to the farm to see how she likes it. She is there to protect the people, not the corporations.

  3. http://www.omafra.gov.on.ca/english/engineer/facts/03-111.htm Corporate farms are not farms, they are indeed factories on a huge scale. The amount of waste and unhealthy smells are environmentally unsafe. If they want to do this, they should be forced to buy a boundary around their farm at a premium price to the homeowners and landowners that have to eat, sleep, and live in a cesspool of pig smells. Imagine living in a house that smells like a restroom all the time. Does the state really believe they should take the side of these corporate farms and not protect Indiana citizens. Perhaps justifiable they should force all the management of the farms to live on the farm itself and not live probably far away from there. Would be interesting to investigate the housing locations of those working at and managing the corporate farms.

  4. downtown in the same area as O'malia's. 350 E New York. Not sure that another one could survive. I agree a Target is needed d'town. Downtown Philly even had a 3 story Kmart for its downtown residents.

  5. Indy-area residents... most of you have no idea how AMAZING Aurelio's is. South of Chicago was a cool pizza place... but it pales in comparison to the heavenly thin crust Aurelio's pizza. Their deep dish is pretty good too. My waistline is expanding just thinking about this!

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