# Stellantis invests $229M to retool three Kokomo plants for electrified transmissions

Stellantis will invest $229 million to retool three plants in Kokomo, Indiana, to produce next-generation eight-speed transmissions for hybrid and plug-in hybrid vehicles, retaining 662 jobs.

- Type: Investment
- Announced: 2021-10-07
- Where: Kokomo, Indiana, United States
- Value: $229.0M
- Jobs: 662
- Status: announced
- Products: electrified eight-speed transmissions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Stellantis](https://endata.com/companies/7966.md)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/stellantis-announces-229-million-investment-in-kokomo-indiana-operations-to-accelerate-electrification-plans-301395523.html), 2021-10-07: "This investment and this transmission represent an important stepping stone in getting us to 2030 and further expanding our battery electric offerings."

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