Angstrom Hits Benteler Over Chrysler Parts Pact

Law360, New York (February 23, 2010, 1:39 PM EST) -- Auto parts manufacturer Angstrom-USA LLC sued Benteler Automotive Corp. for breach of contract and fraud after Benteler allegedly reneged on a promise that Angstrom would be the sole manufacturer of certain Chrysler LLC parts for two years.

Angstrom filed a complaint on Monday in U.S. District Court for the Eastern District of Michigan, accusing Benteler of violating a 2007 sourcing agreement between the two companies.

Under the terms of that agreement, if Benteler terminated the arrangement at its sole discretion, it would have to reimburse Angstrom...
To view the full article, register now.