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Chrysler to announce 1,250 new jobs, major investment in Kokomo factories

Associated Press -- Chrysler will announce 1,250 new jobs and a major investment Thursday at transmission and metal casting factories in the Kokomo, Indiana, area.

CEO Sergio Marchionne will confirm that the plans include an investment of $162 million and the creation 850 jobs at a former Getrag Transmission plant in nearby Tipton. Another 400 jobs will be created at three other factories.

The company is investing millions in the Kokomo area to build fuel-efficient eight- and nine-speed automatic transmissions.

Chrysler plans to use a new nine-speed transmission in the Jeep Cherokee midsize SUV and in the Dodge Dart compact. The Cherokee will replace the aging Jeep Liberty later this year.

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Submitted Feb 28, 2013 By: 85XJ

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52MPG Champion Author Dayton Posts:7,277 Points:1,744,630 Joined:Apr 2006	Message Posted: Mar 1, 2013 7:24:30 AM Ignore 52MPG Report Abuse "fuel-efficient eight- and nine-speed automatic transmissions." Wow! and I thought my five speed was good.
blupupher Champion Author Houston Posts:3,566 Points:750,970 Joined:Feb 2011	Message Posted: Mar 1, 2013 7:05:01 AM Ignore blupupher Report Abuse good.
07skydriver Champion Author Ohio Posts:3,270 Points:985,160 Joined:Feb 2009	Message Posted: Mar 1, 2013 6:24:12 AM Ignore 07skydriver Report Abuse Looks like all the efforts of the GOP to drag down the economy were useless after all. Just like the republican party. FOUR MORE YEARS, FOUR MORE YEARS!!!
heydano67 Champion Author California Posts:1,681 Points:360,460 Joined:Feb 2012	Message Posted: Mar 1, 2013 4:03:05 AM Ignore heydano67 Report Abuse Go Mopar
Zing20 All-Star Author Fresno Posts:700 Points:174,070 Joined:Nov 2012	Message Posted: Mar 1, 2013 12:02:58 AM Ignore Zing20 Report Abuse Good to hear.
el_fr Champion Author Massachusetts Posts:3,352 Points:747,625 Joined:Apr 2011	Message Posted: Feb 28, 2013 11:24:18 PM Ignore el_fr Report Abuse Cool
pleinyeux All-Star Author Montreal Posts:796 Points:202,555 Joined:Oct 2012	Message Posted: Feb 28, 2013 10:21:30 PM Ignore pleinyeux Report Abuse Good jobs
Tacodan Champion Author Cincinnati Posts:2,339 Points:656,345 Joined:Apr 2011	Message Posted: Feb 28, 2013 8:25:09 PM Ignore Tacodan Report Abuse jobs are good
NHLiveFree Champion Author New Hampshire Posts:11,113 Points:1,625,315 Joined:Jun 2008	Message Posted: Feb 28, 2013 8:22:29 PM Ignore NHLiveFree Report Abuse Great news for Chrysler, Indiana and USA manufacturing. Now Buy USA!!!
coughlin Champion Author San Jose Posts:5,195 Points:1,119,815 Joined:Sep 2009	Message Posted: Feb 28, 2013 6:46:12 PM Ignore coughlin Report Abuse Way to go Kokomo!
NO_SWEAT Champion Author Toronto Posts:4,355 Points:1,081,265 Joined:Jul 2008	Message Posted: Feb 28, 2013 5:31:36 PM Ignore NO_SWEAT Report Abuse Positive.
silvershark69 Champion Author Minnesota Posts:1,024 Points:381,840 Joined:Dec 2011	Message Posted: Feb 28, 2013 5:25:47 PM Ignore silvershark69 Report Abuse heck lets blame it on Obama, moving forward [Edited by: silvershark69 at 2/28/2013 6:26:43 PM EST]
LanguageMan1 Champion Author Tampa Posts:11,738 Points:1,664,715 Joined:Apr 2008	Message Posted: Feb 28, 2013 5:23:40 PM Ignore LanguageMan1 Report Abuse Better than nothing, but still miniscule.
StephenOM Champion Author Ocala Posts:2,598 Points:1,298,670 Joined:Aug 2008	Message Posted: Feb 28, 2013 5:22:03 PM Ignore StephenOM Report Abuse 9-speed trannys help keep the engine in it's most fuel efficient range. Keeping jobs in the US. If it's response to consumer demand, great. If response to fed mandates, it comes at a price.
SalukiCO Sophomore Author Colorado Springs Posts:199 Points:242,545 Joined:Jun 2012	Message Posted: Feb 28, 2013 5:21:44 PM Ignore SalukiCO Report Abuse Good thing Romney lost, or these jobs would have be shipped overseas.
spedygonzales All-Star Author Toronto Posts:923 Points:467,020 Joined:May 2011	Message Posted: Feb 28, 2013 5:21:26 PM Ignore spedygonzales Report Abuse good
wz Champion Author Twin Cities Posts:2,499 Points:1,279,740 Joined:Feb 2009	Message Posted: Feb 28, 2013 5:21:25 PM Ignore wz Report Abuse It's good to see jobs getting created domestically. What kind of political payback were they promised?
BigBlue5 All-Star Author Spokane Posts:679 Points:136,860 Joined:Apr 2010	Message Posted: Feb 28, 2013 5:17:49 PM Ignore BigBlue5 Report Abuse Will putting a 8 or 9 speed auto trany in a cherokee and dodge dart really be fuel efficient. Manufacturers always stretch the truth.
agent0077 All-Star Author Colorado Posts:704 Points:482,930 Joined:Jul 2011	Message Posted: Feb 28, 2013 5:17:32 PM Ignore agent0077 Report Abuse Awesome
gass12 Champion Author Omaha Posts:8,404 Points:2,306,640 Joined:Oct 2005	Message Posted: Feb 28, 2013 5:15:20 PM Ignore gass12 Report Abuse Good Deal for IN.
Voltus Champion Author Miami Posts:8,461 Points:1,557,350 Joined:May 2005	Message Posted: Feb 28, 2013 5:15:00 PM Ignore Voltus Report Abuse oh, that's right... that Italian company
WillyG Champion Author Cincinnati Posts:3,563 Points:908,040 Joined:Aug 2005	Message Posted: Feb 28, 2013 5:14:01 PM Ignore WillyG Report Abuse Good deal Chrysler !
bradley1969 Champion Author Wisconsin Posts:1,548 Points:333,280 Joined:Mar 2012	Message Posted: Feb 28, 2013 5:13:42 PM Ignore bradley1969 Report Abuse Always great news when jobs are created in the U.S.A. that stay here 2 give our residents a pay check...
Signfool Champion Author Omaha Posts:5,981 Points:1,467,845 Joined:May 2008	Message Posted: Feb 28, 2013 5:10:49 PM Ignore Signfool Report Abuse So long as the paychecks don't bounce!
Skychief All-Star Author Florida Posts:730 Points:401,920 Joined:May 2006	Message Posted: Feb 28, 2013 5:09:01 PM Ignore Skychief Report Abuse That's good for the IN economy.
mycar2 Champion Author Akron Posts:2,115 Points:2,359,840 Joined:Apr 2004	Message Posted: Feb 28, 2013 5:08:07 PM Ignore mycar2 Report Abuse good, bring all the jobs back
jad1960 Champion Author Gary Posts:1,555 Points:405,375 Joined:Feb 2012	Message Posted: Feb 28, 2013 5:03:57 PM Ignore jad1960 Report Abuse Good
Bobmilan Champion Author Louisville Posts:1,214 Points:478,480 Joined:Sep 2011	Message Posted: Feb 28, 2013 5:01:35 PM Ignore Bobmilan Report Abuse What is cost and how quickly will it pay back in gas savings?? If average person cannot afford new technology, no benefit.
WIPACKERFAN Champion Author Chicago Posts:8,814 Points:1,845,400 Joined:Aug 2005	Message Posted: Feb 28, 2013 4:59:08 PM Ignore WIPACKERFAN Report Abuse Good news.
jmg144 Champion Author Maryland Posts:9,716 Points:2,904,035 Joined:Jul 2004	Message Posted: Feb 28, 2013 4:54:35 PM Ignore jmg144 Report Abuse However the company is struggling.
PithyOpiner Champion Author Stockton Posts:16,220 Points:1,599,495 Joined:Jun 2008	Message Posted: Feb 28, 2013 4:54:25 PM Ignore PithyOpiner Report Abuse Way to go, Sergio. I knew you Italians could make a go of it.
unloquacious Champion Author Indiana Posts:2,699 Points:1,041,685 Joined:May 2005	Message Posted: Feb 28, 2013 4:53:23 PM Ignore unloquacious Report Abuse This is good news for Indiana.
scorpiogg Sophomore Author Modesto Posts:248 Points:160,850 Joined:Nov 2012	Message Posted: Feb 28, 2013 4:51:32 PM Ignore scorpiogg Report Abuse When do they return the tax payers money???
pliskin Champion Author Syracuse Posts:6,095 Points:1,734,805 Joined:Apr 2005	Message Posted: Feb 28, 2013 4:49:30 PM Ignore pliskin Report Abuse Chrysler is partnered with Fiat of Italy. It is no longer owned by the US Govt. as rampower80 has tried to lead us to believe. Only GM has that honor! GM is owned by the UAW and the US taxpayers. They were bought by Fiat in 2011 and became Chrysler/Fiat at a loss to the American taxpayer of $1.3 billion. Fiat owns 53.% of the company, the rest is Chrysler!
GNo1 All-Star Author Nashville Posts:940 Points:385,605 Joined:May 2011	Message Posted: Feb 28, 2013 4:48:08 PM Ignore GNo1 Report Abuse a 9-speed in a Dart? Really? Why not just go CVT?
Cheepo Champion Author Tampa Posts:9,889 Points:3,128,005 Joined:Apr 2003	Message Posted: Feb 28, 2013 4:44:25 PM Ignore Cheepo Report Abuse When do they return the tax payers money?????????
Sapper08 Champion Author Indianapolis Posts:1,079 Points:323,225 Joined:Mar 2012	Message Posted: Feb 28, 2013 4:42:57 PM Ignore Sapper08 Report Abuse Yea Indiana!
foreyearrunner Sophomore Author Illinois Posts:112 Points:100,615 Joined:Oct 2011	Message Posted: Feb 28, 2013 4:41:32 PM Ignore foreyearrunner Report Abuse Yes more jobs! And a right to work state means, more competitive pricing.
McMutt Champion Author Ontario Posts:2,154 Points:1,312,265 Joined:Nov 2007	Message Posted: Feb 28, 2013 4:41:13 PM Ignore McMutt Report Abuse Not a fan of their product, however great news.
Spankster85 Champion Author Chicago Posts:1,739 Points:359,765 Joined:Nov 2011	Message Posted: Feb 28, 2013 4:40:16 PM Ignore Spankster85 Report Abuse Good for the people of Indiana.
No1ConMan Champion Author Memphis Posts:1,030 Points:217,115 Joined:Sep 2005	Message Posted: Feb 28, 2013 4:35:47 PM Ignore No1ConMan Report Abuse Fiat is not doing too bad it seems. More power to them!
cssco Champion Author Virginia Posts:7,337 Points:1,753,480 Joined:Feb 2006	Message Posted: Feb 28, 2013 4:34:06 PM Ignore cssco Report Abuse Another feel good Alice in Wonderland story.
nigelb Champion Author Virginia Posts:8,470 Points:1,393,705 Joined:Feb 2008	Message Posted: Feb 28, 2013 4:32:38 PM Ignore nigelb Report Abuse Great, more jobs!
Titan_62 Champion Author Maryland Posts:1,473 Points:330,430 Joined:Apr 2011	Message Posted: Feb 28, 2013 4:32:25 PM Ignore Titan_62 Report Abuse You Go GM--
1COR1533 Champion Author San Jose Posts:1,706 Points:318,210 Joined:Jun 2012	Message Posted: Feb 28, 2013 4:32:20 PM Ignore 1COR1533 Report Abuse oh yeah
mdotson Champion Author Grand Rapids Posts:8,661 Points:1,992,990 Joined:Mar 2004	Message Posted: Feb 28, 2013 4:30:23 PM Ignore mdotson Report Abuse Yay!
rampower80 Champion Author Kentucky Posts:2,054 Points:464,615 Joined:Jan 2012	Message Posted: Feb 28, 2013 4:28:18 PM Ignore rampower80 Report Abuse About time one of the government motor companies starting hiring Americans.
DeHavilland Champion Author Toronto Posts:5,885 Points:1,906,190 Joined:Jun 2007	Message Posted: Feb 28, 2013 4:27:27 PM Ignore DeHavilland Report Abuse We should be keeping North Americans working, not supporting questionable governments in placed like China, India and the like.
nemoFL Champion Author Florida Posts:8,811 Points:1,612,225 Joined:Oct 2008	Message Posted: Feb 28, 2013 4:22:50 PM Ignore nemoFL Report Abuse good for jobs
bobcatfan Champion Author Kentucky Posts:1,613 Points:620,495 Joined:Apr 2011	Message Posted: Feb 28, 2013 4:22:10 PM Ignore bobcatfan Report Abuse A nine speed transmission sounds efficient, complicated, and expensive.