Kokomo Tribune; Kokomo, Indiana

Local News

February 28, 2013

Chrysler adding 1,250 jobs

Kokomo area to be world’s largest transmission maker

(Continued)

Chrysler will receive help from the state in exchange for its investment.

The Indiana Economic Development Corp. offered Chrysler up to $11.5 million in conditional tax credits and up to $200,000 in training grants.

Those tax credits are performance-based, so until Hoosiers are hired, the company is not eligible to claim the incentives.

The cities of Kokomo and Tipton offered additional tax abatements.

Chrysler is spending $212 million of its own money for additional tooling and equipment to produce the eight- and nine-speed transmissions at Kokomo Transmission, Kokomo Casting and Indiana Transmission I plants, officials said.

Work on the facilities is scheduled to begin in the second quarter of 2013, with equipment and tooling to be installed in the fourth quarter.

The Kokomo plants are already starting to build the eight-speed transmissions and will build the nine-speed once work at the Tipton site is complete.

Marchionne said the eight-speed transmission is already appearing in the Jeep Grand Cherokee and rear-wheel-drive cars like the Chrysler 300 and Dodge Charger.

With Thursday’s announcement, Chrysler said it has now invested more than $1.6 billion in Kokomo.

“These new investments and new jobs are a testament to the determination we all had — management, labor and our work force — to making the best of the second chance we were given in 2009,” Lortz said.

For more on this story and other local news, subscribe to The Kokomo Tribune eEdition, or our print edition

Text Only | Photo Reprints
Local News
  • iRead program 03 Indiana improves overall rank on national child well-being report

    More Indiana parents are earning at least a high school diploma and their children are performing better in school too, but the advances in education still are not enough to counteract the lingering effects of the 2007 recession and lift families out

    July 22, 2014 2 Photos

  • City agrees to allow billboard company to fix six structures Six more billboards will be put back up after the city reached a settlement with Burkhart Advertising. The agreement will allow Burkhart to repair and put back up six of the 11 billboards it owns that were damaged by tornadoes on Nov. 17. Five other

    July 21, 2014

  • Bonuses distributed to Howard County employees Employee bonuses were distributed for the third consecutive year for Howard County employees. The bonuses, which were approved during budgeting sessions in September, allowed full-time employees to receive $1,000, while part-time employees received $

    July 21, 2014

  • Indiana governor's residence gets honey bee hive INDIANAPOLIS (AP) — Indiana's Governor's Residence is getting a bee hive to call its own. First lady Karen Pence was scheduled to unveil a honey bee hive Tuesday morning at the Governor's Residence on Indianapolis' north side. The hive and its bees w

    July 22, 2014

  • NWS - KT072214 - IUK chancellor Sagamore Wabash WEB PIC - MS IUK Chancellor Sciame-Giesecke receives Sagamore of the Wabash Indiana University Kokomo Chancellor Susan Sciame-Giesecke received the state’s highest recognition on Saturday when she was honored with the prestigious Sagamore of the Wabash, presented by State Sen. Jim Buck.The presentation, on behalf of Gov. Mik

    July 22, 2014 1 Photo

  • Howard County jail to undergo improvements The Howard County Jail will be seeing some exterior renovations in the coming months.Howard County Commissioners approved $89,151 in improvements to the jail during their regular meeting Monday.The improvements include a parking lot resurfacing for $

    July 22, 2014

  • Indiana's bills for highway damage face challenge INDIANAPOLIS (AP) — A trucking company is asking the state appeals court to limit the Indiana Department of Transportation's authority to sue over damage done to state highways. The challenge is in court as the highway agency is trying to collect mor

    July 21, 2014

  • Indiana aligns livestock ID with federal program INDIANAPOLIS (AP) — The state Board of Animal Health has voted to adopt standards that align Indiana with a federal livestock identification program aimed at helping agriculture officials quickly track livestock in cases of disease. Indiana State Vet

    July 21, 2014

  • Haskett, Bella mugshot Team raising funds for Walk and Roll for Spina Bifida TIPTON — Much like other 5-year-olds, Izzabella “Bella” Haskett has many interests. She loves spending time with family and friends. She’s very inquisitive, and as her grandmother Sherri Haskett tells it, “talks a mile a minute.”Enjoying the outdoors

    July 21, 2014 1 Photo

  • Fair results

    ElectricGrand Champion, Zachary A. JohnsonReserve Grand Champion, Kelsey L. MontgomeryChampions — Braxten M. Barlow, Division 3 Electric Award - desktop calculator; Caleb Dockery, Division 1 Electric Award- notebook; Zachary A. Johnson, Advanced Divi

    July 21, 2014

Latest news
Featured Ads
Only on our website
AP Video
Raw: Israel Bombs Multiple Targets in Gaza Veteran Creates Job During High Unemployment Raw: Cargo Craft Undocks From Space Station Widow: Jury Sent Big Tobacco a $23B Message New Orleans Plans to Recycle Cigarette Butts UN Security Council Calls for MH 17 Crash Probe Obama Bestows Medal of Honor on NH Veteran Texas Sending National Guard Troops to Border Hopkins to Pay $190M After Pelvic Exams Taped Foxx Cites Washington 'Circus Mirror' NASA Ceremony Honors Moon Walker Neil Armstrong Obama Voices Concern About Casualties in Mideast Diplomacy Intensifies Amid Mounting Gaza Toll AP Exclusive: American Beaten in Israel Speaks Obama Protects Gay, Transgender Workers Raw: Gaza Rescuers Search Rubble for Survivors Raw: International Team Inspects MH17 Bodies Raw: 25 Family Members Killed in Gaza Airstrike US Teen Beaten in Mideast Talks About Ordeal 'Weird Al' Is Wowed by Album's Success
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