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Chrysler to invest $843M in Kokomo plants

Chrysler Group LLC said Tuesday it is looking to invest $843 million to improve its Kokomo, Indiana, plants to produce a new transmission and retain about 2,250 jobs.

Chrysler said the Kokomo improvements would push its total investment in U.S. facilities to nearly $3 billion since the automaker emerged from a government-funded bankruptcy under the management control of Italy’s Fiat SpA in June 2009. Get the full story »