Stellantis to spend $229 million to upgrade Indiana plants

by SpeedLux

Stellantis said on Thursday it would spend $229 million on three plants in Indiana to expedite the development of electric vehicles.

The investment, which will retain 662 jobs, will modify three Kokomo plants located in Indiana for producing electrified, eight-speed transmissions, according to Stellantis.

Stellantis, formed earlier this year through the merger of Fiat Chrysler and France’s PSA, made the announcement during an event at the Kokomo Transmission Plant. The event was attended by Indiana Governor Eric Holcomb.

“This investment and this transmission represent an important stepping stone in getting us to 2030 and further expanding our battery electric offerings,” said Brad Clark, the head of powertrain operations at Stellantis.

Indiana Transmission employs 1,473 people, Kokomo Casting employs 1,238, and Kokomo Transmission employs 3,280, according to the automaker.

The automaker this year announced it would invest over 30 billion euros ($35.54 billion) through 2025 on electrifying its vehicle lineup.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.


©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More