KOKOMO, Ind. -- Chrysler Group is planning to potentially add 400 jobs at three existing central Indiana factories while also starting up a new plant nearby with perhaps 850 workers.
The Kokomo City Council voted Monday night to approve property tax breaks requested by Chrysler for $212 million in new equipment for its factories in the city. Tipton County officials also endorsed a similar request on Chrysler's $162 million plans to complete a vacant factory along U.S. 31.
The Kokomo Tribune reports Chrysler vice president Brian Harlow says the projects are planned because its Kokomo transmission plants have reached production capacity.
The company isn't giving specifics on the projects, saying final decisions haven't been made.
Chrysler's request to Kokomo officials says the investment will help retain 3,400 jobs in the city.