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Chrysler Woes Bankrupt Getrag Dual Clutch Transmission Plant

Agent009 submitted on 11/18/2008 Official Bell & Ross Timestamp: 2:46:24 PM

3 user comments | Category: Misc News | Source: | SOURCE: www.manufacturing.net

Getrag Transmission Manufacturing LLC said Monday it filed for Chapter 11 bankruptcy protection for its Tipton Indiana facility after Chrysler LLC pulled out of a financing options agreement and left the plant without a primary customer.

The $530 million facility was being built for the sole purpose of making dual clutch transmissions for Chrysler, so when the automaker terminated the deal last month, the German manufacturer said it was forced to stop its operations in Tipton and cancel the project.

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Chrysler Woes Bankrupt Getrag Dual Clutch Transmission Plant

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Agent009

"If everything seems under control, you're just not going fast enough."

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User Comments

komododave

And so it begins.....

— komododave (View Profile)

Posted on 11/18/2008 4:32:00 PM | reply to this comment | Votes: 4   

veyron1001

I guess you do not understand what being bought out means. The title should say "Chrysler can not build a car that satisfies the consumer so parts suppliers suffer."

— veyron1001 (View Profile)

Posted on 11/20/2008 9:30:42 AM | reply to this comment | Votes: 1   

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