Chrysler Lawsuit Pushes Getrag To File For Bankruptcy

Chrysler Lawsuit Pushes Getrag To File For Bankruptcy

More bad news for the US auto industry. A US division of gearbox manufacturer Getrag has filed for Chapter 11 bankruptcy protection after Chrysler launched legal proceedings against it over an unfinished transmission plant in Indiana

Chrysler’s lawsuit alleges that Getrag Transmission Manufacturing violated a contract after it failed to secure around $300m US in debt [...]

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