$20M Invested in Chrysler Toledo Manufacturing to Build 9-Speed Transmissions

Just about two years ago, Chrysler explained that it would be making at $72-million investment in its Toledo Machining Plant with the sole purpose of modernizing its current production of its eight- and nine-speed torque-converters for automatic transmissions. Even though it's known that the upgrade won't be finished until the end of this year, Chrysler has decided to add an additional $19.6-million investment to increase the nine-speeder capacity even further.

Scott Garberding, Senior Vice President of Manufacturing for Chrysler Group LLC., explains the importance of the project, stating, "The new nine-speed transmission is a critical part of our strategy to meet fuel economy requirements over the next several years and Toledo Machining will play an integral role in bringing this transmission to market. Securing this additional investment is a testament to the dedication and commitment of the plant's workforce and helps secure its future long-term."1

What we know is that more units will be needed because three new nine-speed transmissions will be featured in the Chrysler 200, the 2014 Jeep Cherokee, and the next Dodge Dart. Chrysler predicts that, throughout 2013, it will sell 200,000 units of these popular vehicles.

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Source: 1 http://www.autoblog.com/2013/04/28/chrysler-investing-20m-in-toledo-plant-to-support-9-speed-auto/

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