Delphi Electronics and Safety announced plans to invest more than $28 million in a new research facility and equipment in Kokomo. Kokomo mayor Greg Goodnight says the investment further strengthens Delphi‘s commitment to the community.
“What we’re looking at is a new tech center for Delphi Safety and Electronics,” Goodnight says, “and its about $24 million in equipment and almost $5 million dollars for a new facility.”
Delphi and General Motors decided to split the properties as part of a separation agreement between the two companies. Goodnight says Delphi will maintain and expand its research and development foothold while General Motors will focus on manufacturing.
The Delphi announcement is in addition to an $88million investment announced just a few weeks ago. The investment will not only help Delphi retain existing jobs but will create new jobs in the area in terms of construction and supplemental services.