FCA US plans to invest USD 266 million for eight-speed transmission  [ USA ]

FCA US LLC, formerly Chrysler Group LLC, confirmed on December 22 that it will invest an additional USD 266 million in its Kokomo Transmission Plant (Ind.) to increase capacity of the fuel-efficient eight-speed transmission. FCA US notified city officials of the new investment on Dec. 8, 2014, asking the Council to amend an existing tax abatement to support this new investment. The investment w...