We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Chrysler Plant Fiasco Prompts Ch. 11 Filing

Law360 (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,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.