Stellantis has announced that it will invest $229 million across three of its plants in Kokomo, Indiana. It will help the automaker reach its goal of achieving 40% low-emission vehicle sales in the U.S. by 2030. The announcement comes three months after the corporation laid out its long-term electrification strategy, where it committed to investing $35 billion through 2025 in electrification and software.
The investment will support the retooling of the Kokomo Transmission, Kokomo Casting, and Indiana Transmission plants to help Stellantis produce its fourth-generation, eight-speed transmission. This new transmission can be paired with ICE systems, as well as mild hybrid and plug-in hybrid propulsion systems, for vehicles across Stellantis’ brand catalog (including Jeep, Ram, Chrysler, and Dodge). Stellantis have also designed the system to deliver improved fuel economy to help new vehicles meet future emission regulations.
The new transmission will capitalize on a number of common parts within the different versions – transmission gear train/clutch, mechatronics, mechanical pump and E-pump motor. It also will have the flexibility for unique parts to adapt to the various electrification options. These parts include the eMotor, torque converter, and power electronics.
In March 2020, Stellantis announced it would invest $400 million in converting its Indiana Transmission Plant II into the Kokomo Engine Plant. With the converted plant, Stellantis aims to produce its new GMET4 engine, – a 2.0-liter Global Medium Engine inline four-cylinder turbo. Production on the engine is expected to commence in late 2021.
This investment also leverages the core manufacturing of the Kokomo operations and the local workforce in the areas of casting, machining and assembly, all of which will be needed as the market transitions to an electrified future.