The public remains awed every time a U.S. car company adds even a few employees. Perhaps that is because so many tens of thousands lost jobs during the recession and bankruptcies of General Motors Co. (NYSE: GM) and Chrysler. According to WIBQ:
The job economy in Howard and Tipton counties is getting a boost after automaker Chrysler announced it's bringing 1,250 new jobs to its transmission plants in Kokomo and Tipton.
The expansion is expected to be completed by the end 2014.
Chrysler is investing more than $370 million to expand the plants that provide transmissions for the automaker's sedans, jeeps and pickup trucks.
That is hardly enough to increase the state's tax base, although it may put some money into the treasuries of Howard and Tipton counties.
Filed under: 24/7 Wall St. Wire, Autos, Jobs, Labor Tagged: GM