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Getrag Transmission Goes Bankrupt over Chrysler dispute


Bruce Nunnally

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Getrag makes the rear differential for RWD Cadillacs but is unaffected by the bankruptcy of this holding company.

UPDATE 1-Getrag Transmission files for bankruptcy protection

Mon Nov 17, 2008 12:44pm EST

DETROIT, Nov 17 (Reuters) - Getrag Transmission Manufacturing LLC filed for bankruptcy protection on Monday, citing a legal dispute with Chrysler LLC over an unfinished transmission plant it was developing in Tipton, Indiana.

Getrag Transmission was formed solely for the Tipton project, and the Chapter 11 bankruptcy filing does not affect other U.S. operations of Germany-based Getrag Corp, Getrag spokeswoman Michelle Culver said.

[more]

Bruce

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