Chrysler pumps $19.6 million into facility to build new gearbox
Chrysler is spending $19.6 million US to prepare its Toledo Machining Plant for an increase in torque converter production, the automaker has announced.
The expansion brings Chrysler's total U.S. investments to $5.2 billion US since 2009.
With the boost, the plant is expected to provide enough capacity to build torque converters for the company's upcoming nine-speed transmission, according to Autoblog.
The transmission itself will be manufactured in its Kokomo, Ind., facilities, which saw a $374-million US investment announced earlier this year.
The nine-speed gearbox is expected to be in the 2014 Jeep Cherokee.
Alfa Romeo MiTo subcompact could go global
It is no secret Alfa Romeo is making a highly regarded return to North America with the 4C slated for next year.
Car and Driver says Alfa Romeo's upcoming MiTo subcompact could go global in one of two ways come 2016. It could either be introduced as an evolution of the current three-door hatch, or it could embrace the compact crossover ethos.
Either way, rumour has it the MiTo will share the same bits and pieces beneath the sheet metal as the Fiat 500L, including a turbocharged four-cylinder MultiAir engine good for 200 horsepower.