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Stellantis will invest a total of $229 million in three of its Kokomo, Indiana, plants to help the company reach its goal of achieving 40% low-emission vehicle sales in the US by 2030. This announcement, which will retain 662 jobs, comes three months after the company laid out its long-term...
October 7, 2021 , KOKOMO, Indiana - Stellantis today announced it would invest a total of $229 million in three of its Kokomo, Indiana, plants to help the company reach its goal of achieving 40% low-emission vehicle sales in the U.S. by 2030. This announcement, which will retain 662 jobs, comes three months after the company laid out its long-term electrification strategy, where it committed to investing $35 billion through 2025 in electrification and software.
Auburn Hills’ Stellantis announced Thursday it will invest a total of $229 million in three of its Kokomo, Ind. plants.
As part of what they say is their long-term strategy to pursue an electrification plan will see the investment used to retool three plants in Kokomo, IN, to produce electrified, next-generation, eight-speed transmissions.
/PRNewswire/ -- Announcement is one piece of a long-term strategy and electrification plan shared during the company's EV Day Investment will retool three...