Chrysler set to mark Indiana factory's opening

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Chrysler is set to mark the opening of a new transmission plant in central Indiana with a ceremony next month including the company's top executive.

Chrysler officials say CEO Sergio Marchionne plans to take part in the May 13 event at the factory in Tipton.

The Kokomo Tribune reports ( ) the company started last month testing new transmissions assembled at the factory. Chrysler is looking to start shipping transmissions from the plant by mid-May.

Chrysler last year acquired the massive factory near Tipton that German auto parts maker Getrag started building in 2007. The automaker expects to have up to 850 workers at the factory.

Marchionne is expected to speak the same day at Indiana University Kokomo's commencement, during which he'll receive an honorary degree.

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