KOKOMO, Ind — An automaker is going to spend more than $200 million to re-tool three Indiana factories.
The goal is to produce transmission systems that work for gas-powered and hybrid electric vehicles.
Stellantis made the announcement Thursday at the Kokomo Transmission plant. It will put nearly $230 million into three Kokomo factories.
Production is expected to start later this year and is expected to add 200 more jobs. More than 600 Kokomo employees will be transitioned into hybrid transmission manufacturing jobs, with increased pay.
RELATED: Read more from the Kokomo Tribune
"I appreciate the confidence that Stellantis continues to show in the skills and abilities of our dedicated local workforce," said Kokomo Mayor Tyler Moore in a release from the Indiana Economic Development Corporation. "As the automotive industry makes this shift towards alternatives like electric vehicles, our workers in Kokomo are well-prepared to take up the challenge to adapt, re-focus and excel in new technologies."
Stellantis currently employs more than 7,300 workers across its Indiana operations.
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