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Chrysler to invest another $85M in Kokomo plant

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Chrysler Group LLC said Tuesday it plans to invest an additional $85 million in its Kokomo transmission plant.

The money is in addition to the recently announced $1.2 billion investment in other facilities in the north-central Indiana city.

With this announcement, the company's total investment in U.S. facilities would climb to more than $3 billion since June 2009, the company said.

Chrysler notified Kokomo city officials of the potential new investment at a city council meeting on Monday.

At the meeting, Chrysler requested the transfer of the previously approved tax abatement certificate on the announced $300 million investment from the Indiana Transmission Plant I to the Kokomo Transmission Plant to facilitate the production of the next generation eight-speed transmissions

The production of the new transmission is being moved to the Kokomo plant because the company is accelerating production and the timing worked better, said Brian Harlow, head of powertrain manufacturing for Chrysler.

The move also opens space at the Indiana Transmission plant for production of a front-wheel drive transmission announced in November.

The Kokomo City Council also approved Chrysler's tax abatement application on the $843 million investment for production of the front-wheel drive transmissions, a job that is expected to retain 2,250 jobs.

Chrysler emerged from bankruptcy protection in 2009. The company has hired as many as 6,000 workers since it came out of bankruptcy.

It has announced plans for 11 new or revamped cars by the end of this year.

Earlier this month, the company reported its November U.S. auto sales rose 17 percent on brisk Jeep and Ram sales, making it the company's eighth straight month of sales increases.

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  1. I am so impressed that the smoking ban FAILED in Kokomo! I might just move to your Awesome city!

  2. way to much breweries being built in indianapolis. its going to be saturated market, if not already. when is enough, enough??

  3. This house is a reminder of Hamilton County history. Its position near the interstate is significant to remember what Hamilton County was before the SUPERBROKERs, Navients, commercial parks, sprawling vinyl villages, and acres of concrete retail showed up. What's truly Wasteful is not reusing a structure that could still be useful. History isn't confined to parks and books.

  4. To compare Connor Prairie or the Zoo to a random old house is a big ridiculous. If it were any where near the level of significance there wouldn't be a major funding gap. Put a big billboard on I-69 funded by the tourism board for people to come visit this old house, and I doubt there would be any takers, since other than age there is no significance whatsoever. Clearly the tax payers of Fishers don't have a significant interest in this project, so PLEASE DON'T USE OUR VALUABLE MONEY. Government money is finite and needs to be utilized for the most efficient and productive purposes. This is far from that.

  5. I only tried it 2x and didn't think much of it both times. With the new apts plus a couple other of new developments on Guilford, I am surprised it didn't get more business. Plus you have a couple of subdivisions across the street from it. I hope Upland can keep it going. Good beer and food plus a neat environment and outdoor seating.

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