Chrysler bankrupts Getrag

[SVT666]

Chrysler bankrupts Getrag?s U.S. plant division

Getrag Transmission Manufacturing LLC ? the U.S. subsidiary of Germany?s Getrag Corp ? filed for bankruptcy protection on Monday as a result of its ongoing legal dispute with Chrysler. The American division was formed in order to provide Chrysler with dual-clutch transmissions for its future models.

Chrysler sued the company, saying it failed to secure the financing needed to complete its U.S. plant.
The Tipton, Indiana plant is said to be 80 percent complete. In October, Chrysler cancelled its contract with the company. Coupled with the bankruptcy filing, it?s looking very unlikely the facility will ever be completed, unless another automaker steps in. An estimated $530 million was expected to be invested in the plant, which would employ about 1,200 workers.

A Getrag spokesperson told Reuters the bankruptcy filing does not affect the other operations of Germany-based Getrag Corp. It?s not clear if the company will go ahead with plans to supply Ford with dual-clutch transmissions, but the company?s planned Mexican assembly plant will probably be able to provide the needed gearboxes.

Getrag and Chrysler announced the joint venture project in April 2007 with plans to ship cars equipped with the transmissions by late 2009.

Getrag?s German operations provide transmissions to BMW, Audi, Porsche, and others.

[giant_mtb]

Wow.  An entire plant facility going to waste... think of all the wasted materials and money!

[Submariner]

Bravo Chrysler.

[SVT666]

Chrysler won't be building cars much longer anyway.

[Laconian]

Chrysler needs to think about what it is doing to ruin American jobs before it comes begging for us to save them.

[FlatBlackCaddy]

If i had some extra cash i'd buy that challenger SRT8, i'm sure i can get it for 10-15K off. It would be a historic piece. I could even frame the "lifetime warranty".

[the Teuton]

Chrysler already killed, brought back, and has/will kill(ed) some historic names and marques.  On their way out, if they could make a new Eagle 4x4 wagon that would be great.

Kthxbai.

I can't believe they carry enough weight to completely kill the NA Getrag operations.

[Madman]

Chrysler already killed, brought back, and has/will kill(ed) some historic names and marques.  On their way out, if they could make a new Eagle 4x4 wagon that would be great.

Chrysler owns the rights to some legendary and long-dead names.  It's highly unlikely any of these will be revived.

Plymouth
Eagle
AMC
Rambler
Jeffrey
Nash
Hudson
Kaiser
Frazer
Henry J
Lafayette
Ajax
Willys
Overland
Essex
Terraplane
Maxwell
Paige-Detroit
Paige
Graham-Paige
Graham
Graham Brothers Trucks
Jewett
Fargo
DeSoto
Imperial


Cheers,
Madman of the People

[AutobahnSHO]

Voyager!!!!   

[Soup DeVille]

Wow.  An entire plant facility going to waste... think of all the wasted materials and money!

Never taken a casual drive through Flint, i take it?