Stellantis Announces $229 Million Investment in Kokomo, Indiana, Operations to Accelerate Electrification Plans

October 7, 2021

, KOKOMO, Indiana

Stellantis currently announced it would deposit a sum of $229 million in 3 of a Kokomo, Indiana, plants to assistance a association strech a idea of achieving 40% low-emission car sales in a U.S. by 2030. This announcement, that will keep 662 jobs, comes 3 months after a association laid out a long-term foundation strategy, where it committed to investing $35 billion by 2025 in foundation and software.

Stellantis Head of Powertrain Operations Brad Clark done a proclamation during an eventuality during a Kokomo Transmission Plant attended by Indiana Governor Eric J. Holcomb, Kokomo Mayor Tyler Moore and UAW Region 2B Director Wayne Blanchard, along with other inaugurated officials and village leaders.

The investment will support retooling of a Kokomo Transmission (KTP), Kokomo Casting and Indiana Transmission plants to furnish a fourth-generation eight-speed transmission. This new delivery will have a coherence to be interconnected with inner explosion engines, as good as amiable hybrid and plug-in hybrid thrust systems, for vehicles opposite a Jeep®, Ram, Chrysler and Dodge brands. It will broach softened fuel economy, yield pure-electric operation and assistance vehicles accommodate destiny glimmer regulations.

“This investment and this delivery paint an critical stepping mill in removing us to 2030 and serve expanding a battery electric offerings,” pronounced Clark. “This new eight-speed is a ‘multi-tool’ of transmissions. It is a versatile delivery that can be blending for a accumulation of applications, permitting us a coherence to adjust a prolongation as consumer direct for electrified vehicles grows over a subsequent decade. It also offers consumers a event to get informed with this record and try all of a advantages that can come from electrification.”

The new, fourth-generation, eight-speed delivery will gain on a series of common tools within a opposite versions – delivery rigging train/clutch, mechatronics, automatic siphon and E-pump motor. It also will have a coherence for singular tools to adjust to a several foundation options. These tools embody a eMotor, torque converter and energy electronics. 

Adding electrified delivery public also diversifies a product portfolio of a Kokomo operations. In Mar 2020, Stellantis announced it would deposit $400 million to modify Indiana Transmission Plant II to a Kokomo Engine Plant to furnish a GMET4 engine, a company’s 2.0-liter Global Medium Engine inline four-cylinder turbo. Production is approaching to launch after this year.

This investment also leverages a core prolongation competencies of a Kokomo operations and a internal workforce in a areas of casting, machining and assembly, all of that will be indispensable as a marketplace transitions to an electrified future.

“As a attention continues to change, a concentration contingency continue to be on a many profitable item – a people,” pronounced Clark. “This delivery module will move new opportunities for a stream workforce, as good as a prolongation workforce of a future.”

The second-generation eight-speed delivery has been a workhorse of a company’s powertrains given prolongation began in 2012. KTP distinguished a 5 millionth eight-speed delivery built on Sept. 30. It is a stream delivery choice on a Jeep Wrangler, Gladiator and Grand Cherokee; Wagoneer/Grand Wagoneer; Ram 1500; Dodge Charger, Challenger, Durango; and Chrysler 300 models.
 
Stellantis
Stellantis (NYSE: STLA) is one of a world’s heading automakers and a mobility provider, guided by a transparent prophesy to offer leisure of transformation with distinctive, affordable and arguable mobility solutions. In further to a Group’s abounding birthright and extended geographic presence, a biggest strengths distortion in a tolerable performance, abyss of knowledge and a wide-ranging talents of employees operative around a globe. Stellantis will precedence a extended and iconic code portfolio, that was founded by visionaries who infused a brands with passion and a rival suggestion that speaks to employees and business alike. Stellantis aspires to turn a greatest, not a biggest, while formulating combined value for all stakeholders, as good as a communities in that it operates. 

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