Chrysler Plant Fiasco Prompts Ch. 11 Filing

Law360, New York (November 17, 2008, 12:00 AM EST) -- Getrag Transmission Manufacturing LLC has filed for Chapter 11 protection over the collapse of an agreement to build an Indiana plant for the manufacture of high-tech dual clutch transmissions for Chrysler LLC.

The German-based transmission maker said that Monday's filing in the U.S. Bankruptcy Court for the Eastern District of Michigan was a direct result of a recent termination by Chrysler of contractual agreements related to the construction of a half-billion-dollar manufacturing facility in Tipton, Ind.

As a result of Chrysler's actions, which include a lawsuit,...
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