Chrysler announced an $843 million investment in its Indiana transmission plant as it prepares to build a 9-speed automatic transmission front front-drive vehicles.
The announcement comes on the heels of General Motors announcement of a $2 billion infusion into a number of plants, including $200 million for upgrades to its Toledo, Ohio plant to build 8-speed transmissions. Chrysler will begin selling 8-speed equipped Dodge Charger and Chrysler 300 sedans during the summer.
Chrysler expects the 9-speed transmissions, developed in partnership with ZF, to be on sale in 2013.
[Source: The Detroit News]