Kokomo plant part of $99M investment from Stellantis

Global auto giant Stellantis announced earlier this month it will invest a total of $99 million in three of its North American plants, including the Kokomo Casting Plant. The company says the investment will fuel production of a new, four-cylinder turbocharged engine that will power two future hybrid electric vehicles.

Stellantis says the Kokomo Casting Plant will receive more than $14 million to convert existing die cast machines and cells for the new engine. The plant will manufacture batteries for a variety of EVs produced at Stellantis plants throughout North America

The announcement comes just over two months after Stellantis unveiled its $2.5 billion plan to build an electric vehicle battery facility in Kokomo and create 1,400 jobs as part of a joint venture with Samsung SDI.

Learn more here!