Kokomo plants benefit from 'clunkers' program

Back to TopCommentsE-mailPrintBookmark and Share

The federal government’s popular Cash for Clunkers program that ended Monday gave a boost to Kokomo’s Chrysler plants.

Altogether, 200 Chrysler Group LLC employees were called back to three plants — 136 at the Kokomo Transmission plant, 42 at Indiana Transmission Plant I and 22 at the Kokomo Casting Plant, according to the Kokomo Tribune.

The Kokomo plants make transmissions for Chrysler’s Town and Country minivan, which is assembled in Canada.

Italy's Fiat took ownership of most of Chrysler's assets in June, a move that saved the troubled U.S. automaker from bankruptcy liquidation.

Chrysler’s automobiles accounted for 8.3 percent of all vehicles sold under the Cash for Clunkers program—well below Toyota’s leading 19.2-percent share.

Cash for Clunkers, which offered drivers as much as $4,500 off the price of a new, more fuel-efficient car, proved wildly popular. With the rebates, dealers reported selling 625,000 vehicles in just a month.

The government had set the Monday deadline on estimates that most of the $3 billion set aside for rebates would be used up by then. Analysts initially figured the cash would last as long as November.


Post a comment to this story

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

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ