Chrysler Group plans to invest $266 million into its massive Kokomo Transmission complex to expand production of its eight-speed rear-wheel-drive transmission.
On Monday night, elected officials in Kokomo, Ind., unanimously approved a request by Chrysler for a 10-year tax abatement for the project, local media reported.
The eight-speed automatic transmission is built by Chrysler in Kokomo under license from ZF Friedrichshafen. The automaker said in a recent SEC filing that the eight-speed ultimately will be used in all of its rwd vehicles except for the Dodge Viper and certain heavy-duty Ram pickups.
Source
Automotive News