Stellantis Will Invest $229 Million To Produce a New Transmission
|auto123.com 13 Oct 2021 at 10:29|
Stellantis will spend $229 million to enable development and production of a new 8-speed transmission that will eventually serve electrified models produced by Jeep, Ram, Dodge and Chrysler. The money will go to updating and refitting three of its Indiana plants to produce the new transmission.
The announcement is one step in the company s planned $35 billion investment worldwide in electrification by 2025. Stellantis has said it aims to have more than 70 percent of its sales in Europe and 40 percent in the U.S. attributable to low-emission vehicles by 2030.