FCAU Fiat Chrysler Automobiles NV

15.23

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Share Name	Share Symbol	Market	Type
Fiat Chrysler Automobiles NV	NYSE:FCAU	NYSE	Common Stock

	Price Change	% Change	Share Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	15.23				0	01:00:00

Fiat Chrysler to Invest $400 Million to Convert Idled Indiana Transmission Plant

05/03/2020 8:14pm

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By Michael Dabaie

Fiat Chrysler Automobiles said it would invest $400 million to repurpose an idled transmission plant in Kokomo, Ind., to build the GMET4 engine.

The GMET4 engine is the company's 2.0-liter Global Medium Engine inline four-cylinder turbo currently offered on the Jeep Wrangler and Jeep Cherokee.

Fiat Chrysler said that with this investment, 1,000 Indiana jobs will be retained with nearly 200 new jobs added to support production, bringing total employment in the state to more than 8,300.

The factory will be the source of all U.S. production for the engine currently built in Termoli, Italy. FCA said it expects production to begin in the second quarter of 2021.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

March 05, 2020 14:59 ET (19:59 GMT)