IBJNews

Chrysler hires 204 workers for new plant

Back to TopCommentsE-mailPrintBookmark and Share

Chrysler Group LLC has hired 204 workers at a new factory in Tipton to make transmissions for its popular Jeep Cherokee sport-utility vehicle and Chrysler 200 sedan, about a quarter of the total hires planned for the facility.

The factory will employ 600 workers by the end of the year and 850 a year later, the company said. The automaker, fully acquired by Fiat SpA in January, spent $162 million to outfit the 782,000 square-foot facility to build nine-speed transmissions, which improve highway fuel efficiency. The company is using the parts in its new Cherokee and 200.

At full capacity, the plant will be able to ship about 800,000 transmissions annually to assembly plants in Toledo, Ohio, and Sterling Heights, Mich., as well as Italy, Turkey, Brazil and China, Chrysler said in a prepared statement Tuesday. Production at the plant started last month, said Jodi Tinson, a spokeswoman.

Executives last week laid out a five-year business plan that calls for $75 billion in investments to transform Jeep, Alfa Romeo and Maserati into global brands. The initiative also calls for the Chrysler brand to more than double deliveries to 800,000 by 2018. The two automakers plan to be fully integrated by the end of the year as Fiat Chrysler Automobiles NV with a primary listing in New York and a headquarters in London.

Global ambitions

Sergio Marchionne, CEO of both Turin, Italy-based Fiat and Auburn Hills, Mich.-based Chrysler, wants to make Fiat Chrysler big enough to compete with General Motors Co., Volkswagen AG and Toyota Motor Corp. The company is currently the seventh-largest automaker. Marchionne's plan is to boost sales to 7 million by 2018, enough to vault it at least one spot higher in the rankings, he said last week.

Investors expressed their skepticism the next day by selling Fiat shares, leading to the biggest drop in more than 2-1/2 years on May 7.

“We had a phenomenal run in 2014,” he said to reporters Tuesday during a grand opening event at the Indiana plant. “People are taking money off the table and I’m sure there are some concerns about our ability to hit our goals. But I think there is some part of the market that’s going to be doubtful, and I think we have to wait until the dust settles and people will take positions.”

The 2018 targets will benefit the company whether or not they are all reached, he said Tuesday.

‘Green Giant’

“Even if I miss it by 10 percent, from where I am today, it’s like the midget and the Jolly Green Giant,” Marchionne said, referring to a character used to advertise frozen vegetables produced by General Mills Inc. “Trying to get to 7 million cars is going to be a composite of a number of misses and a number of overachievements.

‘‘We’re never going to get all the numbers right,’’ he said. ‘‘I guarantee you. The issue is whether I get to 7 million cars and I make the money that goes with it.’’

Marchionne said the company may have to add jobs and expand Jeep production in the U.S. to meet the 2018 targets.

‘‘There’s no doubt that we’re going to have a headcount increase in North America, because I need to increase the production,” he said. “Where we do it physically and how we use the existing facilities is another answer.”

Jeep brand sales rose 52 percent to 59,754 in April, helped by the Cherokee, which already rivals Jeep’s volume models, the Wrangler and Grand Cherokee in less than a year on the market. Chrysler has increased sales in the U.S. for 49 consecutive months.

The 200 family sedan, Chrysler’s entry in the largest car segment in the U.S. market, began shipping to dealers earlier this month.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Of what value is selling alcoholic beverages to State Fair patrons when there are many families with children attending. Is this the message we want to give children attending and participating in the Fair, another venue with alooholic consumption onsite. Is this to promote beer and wine production in the state which are great for the breweries and wineries, but where does this end up 10-15 years from now, lots more drinkers for the alcoholic contents. If these drinks are so important, why not remove the alcohol content and the flavor and drink itself similar to soft drinks would be the novelty, not the alcoholic content and its affects on the drinker. There is no social or material benefit from drinking alcoholic beverages, mostly people want to get slightly or highly drunk.

  2. I did;nt know anyone in Indiana could count- WHY did they NOT SAY just HOW this would be enforced? Because it WON;T! NOW- with that said- BIG BROTHER is ALIVE in this Article-why take any comment if it won't appease YOU PEOPLE- that's NOT American- with EVERYTHING you indicated is NOT said-I can see WHY it say's o Comments- YOU are COMMIES- BIG BROTHER and most likely- voted for Obama!

  3. In Europe there are schools for hairdressing but you don't get a license afterwards but you are required to assist in turkey and Italy its 7 years in japan it's 10 years England 2 so these people who assist know how to do hair their not just anybody and if your an owner and you hire someone with no experience then ur an idiot I've known stylist from different countries with no license but they are professional clean and safe they have no license but they have experience a license doesn't mean anything look at all the bad hairdressers in the world that have fried peoples hair okay but they have a license doesn't make them a professional at their job I think they should get rid of it because stateboard robs stylist and owners and they fine you for the dumbest f***ing things oh ur license isn't displayed 100$ oh ur wearing open toe shoes fine, oh there's ONE HAIR IN UR BRUSH that's a fine it's like really? So I think they need to go or ease up on their regulations because their too strict

  4. Exciting times in Carmel.

  5. Twenty years ago when we moved to Indy I was a stay at home mom and knew not very many people.WIBC was my family and friends for the most part. It was informative, civil, and humerous with Dave the KING. Terri, Jeff, Stever, Big Joe, Matt, Pat and Crumie. I loved them all, and they seemed to love each other. I didn't mind Greg Garrison, but I was not a Rush fan. NOW I can't stand Chicks and all their giggly opinions. Tony Katz is to abrasive that early in the morning(or really any time). I will tune in on Saturday morning for the usual fun and priceless information from Pat and Crumie, mornings it will be 90.1

ADVERTISEMENT