# Punch Powerglide launches hybrid vehicle gearbox with €44M investment in Strasbourg

Punch Powerglide Strasbourg launched a new gearbox for hybrid vehicles, with a €44 million investment plan for development and industrialization at its Alsace site. Production is scheduled for mid-2019, and 300 new jobs are planned by 2021.

- Type: Product launch
- Announced: 2017-12-14
- Where: Strasbourg, France
- Value: $52.0M (44.0M EUR)
- Jobs: 300
- Status: announced
- Products: hybrid vehicle gearbox
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Punch Powerglide](https://endata.com/companies/28834.md)

## Sources

- [lejournaldesentreprises.com](https://www.lejournaldesentreprises.com/article/punch-powerglide-lance-une-boite-de-vitesse-pour-vehicules-hybrides-112458), 2017-12-14: "Le lancement de la production est prévu pour mi 2019."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.