Kokomo Tribune; Kokomo, Indiana

Local News

February 28, 2013

Chrysler adding 1,250 jobs

Kokomo area to be world’s largest transmission maker

Chrysler announced Thursday it was investing $374 million and adding 1,250 jobs in Kokomo and Tipton to increase its production of fuel-efficient transmissions.

Once production begins on the new nine-speed transmissions, this area will house the largest transmission installation in the world, Chrysler CEO Sergio Marchionne told Chrysler employees, area politicians and members of the media Thursday morning.

“The decision to make these investments can be traced all the way back to those first weeks after Chrysler began operations as a new entity in June 2009, at a time when we faced widespread skepticism about our viability,” Marchionne said. “One of the key decisions we had to make was whether to simply buy a line of technologically advanced powertrains from a supplier or to build them ourselves ... It was clear that there was a burning desire within our own house to take as much control as possible over our own destiny.”

The path to Thursday’s announcement was not an easy one, though.

United Auto Workers Regional Director Ken Lortz said he clearly remembers April 30, 2009 — the day Chrysler filed for bankruptcy. The company’s future was uncertain.

Lortz thanked President Barack Obama for the faith he showed in the automotive industry by issuing a loan to Chrysler.

Chrysler employees and politicians alike erupted in applause. Gov. Mike Pence stood out as the only politician on the dais at the Kokomo Transmission Plant who did not clap.

He later explained his position on the government bailout.

“My position never was to oppose doing anything,” he said. “I was interested in giving companies a hand-up and not a handout. Chrysler went through a bankruptcy. What we were recommending were other ways to do it.”

Chrysler may not have survived without that bailout, though, said David Cole, chairman emeritus of the Center for Automotive Research in Ann Arbor, Mich.

Text Only | Photo Reprints
Local News
  • KFD Rescue 2 Staffing changes leave Kokomo Fire Department with one rescue truck A shift in how the Kokomo Fire Department is staffed and responds to calls has some firefighters worried they will not have access to all the equipment they need. City officials, however, maintain there will be no change in the quality of service pro

    July 30, 2014 2 Photos

  • Kokomo Police officers reach out to public Tuesday Kokomo police will be out in full force Tuesday in area neighborhoods. In addition to their regular patrols, officers will be out getting to know residents and the issues they may have as part of National Night Out, a crime prevention event. National

    July 30, 2014

  • Feds cite Indiana Medicaid fraud unit over notices INDIANAPOLIS (AP) — A federal agency found that the Indiana attorney general's office didn't give proper notice in nearly a quarter of the Medicaid fraud cases it helped prosecute in recent years. A report from the Department of Health and Human Serv

    July 30, 2014

  • Indianapolis man buys 2 $1M tickets in 3 months INDIANAPOLIS (AP) — An Indianapolis man is celebrating his second $1 million Hoosier Lottery prize in the past three months. Lottery officials say Robert Hamilton won a $1 million prize from a scratch-off ticket he bought last week at a convenience s

    July 30, 2014

  • Frankfort teen dies after rescue from Indiana city pool FRANKFORT (AP) — Authorities say a 15-year-old boy pulled from a central Indiana city pool has died. Frankfort Mayor Chris McBarnes says Adrian Alanis died in an Indianapolis hospital on Tuesday, the day after he was rescued from the deep end of the

    July 30, 2014

  • Pence pushing Medicaid alternative during DC trip INDIANAPOLIS (AP) — Indiana Gov. Mike Pence is heading to Washington to seek federal approval of his proposed state-run alternative to traditional Medicaid in order to expand health care coverage for low-income residents. The governor's office says P

    July 30, 2014

  • Two arrested in purse-, wallet-snatching spree

    Two people were arrested late last week in relation to a string of purse and wallet thefts from shopping carts in local department stores.

    July 30, 2014

  • YMCA front rendering NIPSCO donates $50K to YMCA campaign The Northern Indiana Public Service Company donated $50,000 Tuesday to the Kokomo Family YMCA’s Beyond the Bricks campaign to build a new Y in downtown Kokomo.“The Y is a great resource for the community, so we’re glad to help it grow and add to the

    July 30, 2014 1 Photo

  • Fatal Truck+Car Accident03 Woman killed after vehicle collides with semi head-on A woman was killed Monday night after her vehicle collided with a semi truck in the northbound lanes of U.S. 31 near the junction with U.S. 931.Elizabeth Ann Jeffries, 41, Monticello, died after her car apparently left the road and entered oncoming,

    July 30, 2014 1 Photo

  • Bldg Wall Collapse 01 KipCor purchases partially collapsed downtown building A building that has long been a part of downtown Kokomo’s landscape will remain intact, but undergo extensive demolition, after being purchased by a company that has been active in the city’s redevelopment efforts. The Barko building, also known as t

    July 29, 2014 1 Photo

Latest news
Featured Ads
Only on our website
AP Video
Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN Raw: Deadly Landslide Hits Indian Village Obama Chides House GOP for Pursuing Lawsuit New Bill Aims to Curb Sexual Assault on Campus Russia Counts Cost of New US, EU Sanctions 3Doodler Bring 3-D Printing to Your Hand Six PA Cops Indicted for Robbing Drug Dealers Britain Testing Driverless Cars on Roadways Raw: Thousands Flocking to German Crop Circle At Least 20 Chikungunya Cases in New Jersey Raw: Obama Eats Ribs in Kansas City In Virginia, the Rise of a New Space Coast Raw: Otters Enjoy Water Slides at Japan Zoo NCAA Settles Head-injury Suit, Will Change Rules Raw: Amphibious Landing Practice in Hawaii Raw: Weapons Fire Hits UN School in Gaza Raw: Rocket Launches Into Space With Cargo Ship Broken Water Main Floods UCLA
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Obituaries