Fiat Chrysler to Invest $400 Million to Convert Idled Indiana Transmission Plant
March 05 2020 - 3:14PM
Dow Jones News
By Michael Dabaie
Fiat Chrysler Automobiles said it would invest $400 million to
repurpose an idled transmission plant in Kokomo, Ind., to build the
GMET4 engine.
The GMET4 engine is the company's 2.0-liter Global Medium Engine
inline four-cylinder turbo currently offered on the Jeep Wrangler
and Jeep Cherokee.
Fiat Chrysler said that with this investment, 1,000 Indiana jobs
will be retained with nearly 200 new jobs added to support
production, bringing total employment in the state to more than
8,300.
The factory will be the source of all U.S. production for the
engine currently built in Termoli, Italy. FCA said it expects
production to begin in the second quarter of 2021.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
March 05, 2020 14:59 ET (19:59 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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