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Chrysler plans to spend $300M retooling Kokomo plants

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Officials of Chrysler Group LLC unveiled plans Monday to spend about $300 million retooling its Indiana Transmission Plant 1 and Kokomo Casting Plant for the company’s “next generation” transmission.

Chrysler plans to build a fuel-efficient, 8-speed transmission that could be marketed to other car companies such as Audi and BMW, according to the Kokomo Tribune.

Manufacturing the transmission in Kokomo, however, depends on whether the city’s Common Council will offer Chrysler tax abatement on the company’s proposed investment.

Brian Glowiak, head of Chrysler’s government affairs office, told council members on Monday that the company is seeking a 10-year abatement on the manufacturing equipment and special tooling needed to produce the transmission, the Tribune said.

The measure passed unanimously on first reading, 8-0. It must pass on two more readings to become final. A public meeting on the abatement is set for 7 p.m. May 24 in council chambers.

Kokomo Mayor Greg Goodnight supports the proposal, according to the newspaper.

Chrysler officials estimate the investment will retain 1,184 jobs at the two plants.
 

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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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