After construction work started on the plant, located on the northeast corner of U.S. 31 and Ind. 28, Getrag filed for bankruptcy and ownership of the facility was placed in a trust for contractors who had not been paid.
The building was sold by the trust to W.W. Reynolds, which was going to lease it to Abound Solar for the manufacturing of solar panels. No substantial work was done at the site for several years.
Chrysler purchased the facility in 2012 and announced this year it was investing $1.2 billion at the Tipton location and facilities in Kokomo, creating 1,200 new jobs.
The Tipton and Kokomo facilities will manufacture eight- and nine-speed transmissions to improve fuel economy and performance in Chrysler vehicles.