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Chrysler Group LLC to Invest $300M to Manufacture New ZF 8-Speed Automatic Transmission

Green Car Congress

Chrysler Group LLC will invest $300 million in its existing transmission manufacturing facilities in Kokomo, Ind. to accommodate production of a new fuel-efficient eight-speed automatic transmission for future Chrysler Group vehicles. Included in this agreement is the purchase of transmissions manufactured by ZF. Earlier post.)

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Obama Outlines Next Steps for GM and Chrysler

Green Car Congress

In a statement livecast on the Internet by the White House, President Barack Obama said that neither of the restructuring plans submitted by GM and Chrysler “ goes far enough to warrant substantial new investment. ”. Chrysler, the President said, is “ more challenging ”. President Obama. President Obama.

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Fiat Chrysler investing additional $266M in Kokomo to increase capacity for 8-speed transmissions

Green Car Congress

With sales of vehicles equipped with the popular eight-speed transmission growing, FCA US LLC (the new name for Chrysler Group LLC) will invest an additional $266 million in its Kokomo Transmission Plant (Ind.) The investment will be used to purchase new equipment and tooling, adding more assembly capacity within KTP’s existing floor space.

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Impact of Proposed Changes to the Federal EV Tax Credit – Part 1: Summary Chart

EV Adoption

A key component of the CEAA is nine proposed changes to the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) — more commonly known as the “federal EV tax credit.”. I’ve written extensively on the tax credit and especially its many flaws, ineffectiveness, and areas in the regulations that desperately need fixing.

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Kia Niro EV specs, recapturing CO2, and electric-car support vs interest: Today's Car News

Green Car Reports

And Waymo's purchase of up to 62,000 Chrysler Pacific Hybrids could account for one-third of FCA's available consumer tax credits. Scientists have discovered a way to recapture CO2 and recycle it into fuel. A new study found there's more support for electric cars than knowledge or interest.

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Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?

EV Adoption

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit. It won’t solve the problem.

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Confused about the federal tax credit? 

Electric Auto Association

Know which EVs are eligible Chrysler Pacifica Plug-in Hybrid The Inflation Reduction Act of 2022 changed the rules for the US tax credit for electric vehicles (EV) purchased from 2023 to 2032.