Toledo Machining, which currently builds torque converters and steering columns, will divide the investment into two separate parts of the plant: $26.4m will go toward the manufacturing of a redesigned torque converter for automatic transmissions and an additional $1.5m will be used for production of a new steering column.
Chrysler said the torque converter investment would retain 164 jobs while the steering column investment would keep 44 hourly jobs in Toledo.
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