Chrysler May Invest $162 to Get Transmission Plant Up and Running

Chrysler 1 photo
Photo: Chrysler
Just before Chrysler filed for bankruptcy, in 2009, they were on the verge of opening a transmission plant, which they had already finished in 2008. However, aside from the obvious problem - their bankruptcy, a failed joint venture with gearbox manufacturer Getrag sealed its fate.
Now, though, with the new lease of life given to Chrysler by Fiat, the US giant is considering going ahead with the opening of this new plant. The best news is that it would generate an impressive 850 new jobs, in Tipton County, Indiana - the local council is in full support of opening the plant, and have requested tax cuts for Chrysler if they decide to go forward. To get things going again, they would have to invest an estimated $162-million.

According to an official statement from Chrysler, "while we appreciate their support, there are several more steps that need to be completed before we can fully confirm our plans for Tipton [ . . . ] We understand the enormous interest in a potential new project, but for confidentiality reasons, we can offer no further details at this time."

If they do start up the factory, though, they have not specified what types of transmissions they will make. Worth noting is the fact that the failed joint venture had the goal of making dual-clutch units, so there is a chance this plan will finally go forth.

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