Fiat Chrysler plans to invest in a $400 million expansion and retooling of one of it’s Kokomo, Indiana transmission plants in preparation for the production of a new engine.
The workforce required is said to be around 1,000, meaning there will be new hiring.
“Our Indiana operations have historically been known as the largest transmission installation in the world,” Brad Clark, vice president and head of engine and transmission manufacturing for FCA North America, said in a news release. “With this potential investment, FCA has the opportunity to diversify our presence in the region. We look forward to working with the state and city of Kokomo to finalize our investment plans.”
The Indiana Transmission Plant II in Kokomo currently produces components for eight-speed transmissions.
“I am looking forward to working with FCA as we finalize this plan for this investment in our community,” said Kokomo Mayor Tyler Moore. “Kokomo has always been a leader in making the best automotive products in the world. I appreciate FCA’s commitment to Kokomo as an employer and a community partner.”