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STATE OF INDIANA, CHRYSLER TO INVEST IN KOKOMO TRAINING, MACHINERY

 INDIANAPOLIS, Sept. 29 /PRNewswire/ -- Chrysler Corporation (NYSE: C) announced today that it will invest more than $250 million to upgrade machinery and equipment at its Kokomo (Ind.) Transmission and Casting facilities, as Indiana Gov. Evan Bayh pledged between $520,000 and $550,000 in a state labor training grant for Kokomo employees.
 The Kokomo City Council Monday night approved a tax abatement request relating to the same project.
 The Chrysler investment will be used to provide additional state-of- the-art equipment for 1,600 of the 6,200 employees at the facilities, while the state grant will help Chrysler provide advance training for its employees at Kokomo.
 At the announcement, Gov. Bayh was joined by Kokomo Mayor Robert Sargent; John Floyd, Chrysler's Kokomo complex manager; Don Hinesley, UAW Local 685 vice president; and Bill Frisky, representing UAW Local 1166.
 The Kokomo complex builds all automatic transmissions for Chrysler and produces 98 percent of the aluminum castings that are used in Kokomo-produced transmissions.
 -0- 9/29/93
 /CONTACT: Alan Miller, 313-576-8093, or Mike Aberlich, 313-576-8094, both of Chrysler/
 (C)


CO: Chrysler Corporation ST: Indiana, Michigan IN: AUT SU:

KE -- DE006 -- 6746 09/29/93 10:47 EDT
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Publication:PR Newswire
Date:Sep 29, 1993
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