Over $400 Million Invested in New Jeep Engine Plant by Fiat Chrysler
Photo credit: FCA
Fiat Chrysler Automobiles (FCA) has invested in its production plants to the tune of $2 billion in Indiana alone. Throughout the United States, they have put together more than $14 billion, culminating in 30,000 new jobs over the last decade. Now, FCA has announced this month an additional $400 million to repurpose an idled transmission plant in Kokomo, Indiana. The goal for Fiat Chrysler is to have a plant that produces the GMET4 engine, a 2.0-Liter Global Medium Engine inline four-cylinder turbo that is currently offered for both the new 2020 Jeep® Wrangler and new 2020 Jeep Cherokee. As many as 1,000 Indiana jobs will be maintained with almost 200 new jobs added to maintain production, yielding a grand total of more than 8,300 jobs in Indiana.
Top Executives Note the Hard Work
FCA North America Chief Operating Officer Mark Stewart, along with Indiana Governor Eric Holcomb, Kokomo Mayor Tyler Moore, UAW Vice President and Director of the FCA Department Cindy Estrada and UAW Region 2B Director Rich Rankin, accompanied other local officials and companies to commemorate the news at an event at the plant. The name of the plant will be renamed the Kokomo Engine Plant. At the ceremony, Stewart spoke about the value of this engine to FCA’s approach in future vehicles regarding engines.
“The GMET4 will be a very important engine for us as we look to deliver on the promises we made as part of our five-year plan in 2018. While the 2.0-liter is a current engine option on the Jeep Wrangler and Cherokee models, a significant number of new technologies can be applied to this engine, making it relevant for the future. It will play an important role in our plans to offer electric engine options across 30 nameplates that FCA will bring to markets around the world by 2022,” Stewart said.
Indiana’s Rich Production History Continues
This brand new facility will serve as the source of all U.S. production for the engine, currently being produced in Termoli, Italy. Production is expected to begin in the second quarter of 2021. Stewart recognized the aid from the State of Indiana, the City of Kokomo and the UAW for working with FCA to achieve its financing goals and strategies. Over eight decades have passed with FCA building transmissions in Indiana. The total number of powertrains created amounts to more than 90 million since record-keeping started back in 1974.
In the past decade alone, over 2 billion in investments have helped to manufacture FCA’s eight- and nine-speed transmissions, among the most fuel-efficient transmissions on the market. By the start of production when GMET4 launches, this will mark the first time in the FCA’s history that it has produced engines in the state. The arrangement to invest in Indiana and convert the plant into the Kokomo Engine Plant was due to the level of dedication displayed by the people who work there.
“As engine technology continues to change, our focus must continue to be on our most valuable asset, our people. This engine program will bring new job opportunities for our current workforce, as well as the manufacturing workforce of the future. Our employees, some of whom are second-, third- or even fourth-generation FCA employees have always demonstrated a passion to help deliver great products for our customers.” Stewart said.
FCA Continues To Build Towards the Future
In total, FCA has committed to invest more than $14 billion in its U.S. manufacturing operations, making a place for almost 30,000 new jobs since June 2009. That’s a remarkable feat, but even more remarkable are the finalized products ready for a test-drive at Kendall Dodge Chrysler Jeep Ram today. Curious to find out what we have to offer? We’re ready to assist our customers out in many ways, including going out for a test-drive our latest lineup of new vehicles for sale. Go through our entire brand new Jeep vehicles right now.
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