Chrysler Group said it would spend $19.6m in its Toledo machining plant in Perrysburg, Ohio, to increase capacity of the torque converter it’s machining for the nine-speed transmission.
Go deeper with GlobalData
The new torque converters will be paired with the new nine-speed front wheel drive transmission being assembled at the Kokomo, Indiana Transmission Plant I. It appears first in the 2014 Jeep Cherokee.
The investment will fund the installation of new equipment and tooling for additional machining and assembly capacity. Installation is expected to begin in the third quarter of 2014 and will be completed by the end of 2014.
In August 2011, a $72m spend at Toledo Machining was announced to modernise the plant to produce the eight- and nine-speed torque converters on two new production lines and a new steering column for the Dodge Dart and Jeep Cherokee. These installations will be complete in the third quarter this year.
In February, the automaker said it was spending $374m at several of its Kokomo factories, including establishing a new manufacturing site in Tipton to increase production capacity of the nine-speed transmission.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
