Economic development creates opportunities to grow state, local and metro areas, which are essential for economic growth, improved quality of life and community development. Kokomo articles below.
The global auto manufacturer will expand and retool its Kokomo, IN manufacturing operations for production of a new engine.
The new facility, which is expected to be fully operational by June 2014, will allow the company to relocate its overseas lavatory and toilet manufacturing to its Kokomo operations.
With this announcement, Chrysler Group has confirmed total investments of more than $1.6 billion in Kokomo for production of the eight- and nine-speed transmissions as well as various other process improvements at all four facilities in the area. The company currently employs more than 6,100 in Kokomo.