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Chrysler Group Invests $374 Million, Adds 1,250 Jobs to Increase Production of Fuel-Efficient Transmissions in North-Central

Chrysler Group Invests $374 Million, Adds 1,250 Jobs to Increase Production of
            Fuel-Efficient Transmissions in North-Central Indiana

PR Newswire

KOKOMO, Ind., Feb. 28, 2013

KOKOMO, Ind., Feb. 28, 2013 /PRNewswire/ --

  oChrysler Group Chairman and CEO makes announcement joined by Indiana
    Governor
  oKokomo Transmission, Kokomo Casting and Indiana Transmission I to receive
    $212 million for additional equipment and tooling; will create up to 400
    new jobs
  oInvesting $162 million in new Tipton Transmission Plant for production of
    nine-speed transmission; will add 850 new jobs
  oCEO celebrates start of production of new fuel-efficient eight-speed
    transmission
  oAnnouncement brings total U.S. investment to nearly $5.2 billion since
    June 2009
  oCompany has added nearly 8,000 U.S. hourly jobs since June 2009

Chrysler Group LLC announced today that it will invest nearly $374 million to
boost transmission production and add about 1,250 new jobs in north-central
Indiana, making it the largest transmission installation in the world.

Chrysler Group Chairman and CEO Sergio Marchionne confirmed that the Company
would make investments and add jobs at the following local plants:

  oKokomo Transmission, Kokomo Casting and Indiana Transmission I Plants:
    investing $212 million for additional tooling and equipment to produce the
    eight- and nine-speed transmissions; adding up to 400 new jobs, subject to
    market conditions. Work on the facilities is scheduled to begin in the
    second quarter 2013, with equipment and tooling to be installed in the
    fourth quarter 2013.
  oTipton Transmission Plant: acquiring the former Getrag facility and
    investing $162 million to establish an additional assembly site for the
    nine-speed transmission; creating up to 850 new jobs, subject to market
    conditions. Production at the site will begin in the first quarter of
    2014.

Marchionne, along with Indiana Governor Mike Pence, Kokomo Mayor Greg
Goodnight, Tipton Mayor Don Havens, Tipton County Commission President Mike
Cline, other local officials and UAW Regional Director Ken Lortz, joined
employees to celebrate the news at an event at the Kokomo Transmission Plant.

"Our investments in Kokomo and Tipton are a tribute to the character of the
men and women of Chrysler who survived a near-fatal experience and have
embraced the challenge of building an enterprise that is able to compete with
the best in the world," said Marchionne. "Our powertrain team has consistently
demonstrated the ability and the willingness to think in unconventional ways
in order to exceed expectations.

"I want to thank Governor Pence, Mayor Goodnight, Mayor Havens, Commissioner
Cline and all the other state and local officials who worked with us to make
these investments possible. Together, and with the support of our UAW
partners, I can assure you that it is truly a privilege for Chrysler to be
able to contribute to the growth and development of this State," said
Marchionne.

With this announcement, Chrysler Group has confirmed investments of more than
$1.6 billion in Kokomo for production of the eight- and nine-speed
transmissions as well as various other process improvements at all four area
facilities – Kokomo Transmission, Kokomo Casting, Indiana Transmission I and
Indiana Transmission II. Chrysler Group currently employs over 6,100 in
Kokomo.

"These new investments and new jobs are a testament to the determination we
all had – management, labor and our workforce – to making the best of the
second chance we were given in 2009," said Ken Lortz, UAW Regional Director.
"In partnership with the UAW, Chrysler Group is helping grow good paying
manufacturing jobs and securing the future manufacturing base in this
country."

In addition to announcing new investments and new jobs, Marchionne celebrated
the start of production of the Kokomo-built eight-speed transmission, which
can be found in the new Jeep Grand Cherokee and Dodge Charger.

In the Grand Cherokee, the eight-speed transmission drives the new EcoDiesel,
as well as the 3.6-liter Pentastar V-6 engine – now expected to achieve up to
25 mpg highway and more than 600-miles driving range – and the 5.7-liter V-8,
now achieving up to an estimated 22 mpg highway. The 2013 Dodge Charger is the
first domestic sport sedan to feature an eight-speed automatic transmission.
Mated to the award-winning 3.6-liter Pentastar V-6 engine, it delivers
best-in-class highway fuel economy among full-size, rear-wheel-drive
competition – up to 31 mpg – and all-wheel-drive models – up to 27 mpg.

Those interested in employment with Chrysler Group can check for available
positions at www.chryslercareers.com. Hiring for the positions in Kokomo will
begin in the second quarter. Tipton positions will be available in the fourth
quarter.

In total, Chrysler Group's investments in its U.S. facilities have risen to
nearly $5.2 billion since June 2009. In the same time frame, the Company has
added nearly 8,000 U.S. hourly jobs.

About Chrysler Group LLC
Chrysler Group LLC, formed in 2009 to establish a global strategic alliance
with Fiat S.p.A., produces Chrysler, Jeep, Dodge, Ram, Mopar, SRT and Fiat
vehicles and products. With the resources, technology and worldwide
distribution network required to compete on a global scale, the alliance
builds on Chrysler Group's culture of innovation, first established by Walter
P. Chrysler in 1925, and Fiat's complementary technology that dates back to
its founding in 1899.

Headquartered in Auburn Hills, Mich., Chrysler Group's product lineup features
some of the world's most recognizable vehicles, including the Chrysler 300 and
Town & Country, Jeep Wrangler, all-new Dodge Dart, Ram 1500, Jeep Grand
Cherokee SRT8 and Fiat 500. Fiat contributes world-class technology, platforms
and powertrains for small- and medium-size cars, allowing Chrysler Group to
offer an expanded product line including environmentally friendly vehicles.

Follow Chrysler news and video on:
YouTube: http://www.youtube.com/pentastarvideo
Chrysler Group blog: http://blog.chryslergroupllc.com
Twitter: www.twitter.com/chrysler
Streetfire: http://members.streetfire.net/profile/ChryslerVideo.htm
Corporate website: http://www.chryslergroupllc.com

SOURCE Chrysler Group LLC

Website: http://www.chryslergroupllc.com
Contact: Jodi Tinson, +1-248-512-2944 (office), +1-586-219-0677 (cell),
jodi.tinson@chrysler.com, or Shawn Morgan, +1-248-512-2692 (office),
+1-248-760-2621 (cell), shawn.morgan@chrysler.com
 
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