Stellantis NV on Thursday announced a $229 million investment in three Kokomo, Indiana, plants in a move it said would help accelerate its electrification plans.
Slated for retooling to produce the fourth generation of the company’s eight-speed transmission are the Kokomo Transmission, Kokomo Casting and Indiana Transmission plants. The transmissions workers build there will be used in vehicles across the Jeep, Ram, Chrysler and Dodge brand lineups, according to the automaker, which in January formed from the merger of Fiat Chrysler Automobiles and PSA Group.