According to Getrag Transmission Manufacturing LLC, Chrysler has canceled the construction of advanced, efficient dual-clutch transmissions by Getrag in Indiana, as of Friday. Chrysler has sued Getrag over its inability to borrow $300 million to pay for tooling; Getrag said it would sue Chrysler for damages and reimbursement for the expense of building the plant, which is fairly advanced in construction and was set to start building the transmissions in 2009.
Getrag issues a press release, which stated, in part:
Chrysler LLC has rejected the financing structure that GETRAG had offered together with its banks, which required Chrysler to secure some of their obligations under the supply agreement, and has elected to terminate the supply agreement and related documents.
GETRAG is astonished by this action and will pursue all rights and remedies under the terms of the supply agreement for, among other things, reimbursement of all expenses incurred by GETRAG and its suppliers in connection with the project.
With respect to the pending lawsuit, GETRAG maintains that Chrysler’s claims are without merit. GETRAG intends to vigorously defend the lawsuit and file counterclaims against Chrysler to recover damages suffered by GETRAG caused by Chrysler’s conduct.
Rumors have been floating around for years about a potential supercharged Viper. It appears that it is finally happening, but it is not a factory built package. Instead, it was developed by Arrow Racing, which has Chrysler’s permission to modify the computer programming. It will be sold at the largest Viper dealer in the country, The Viper Exchange a/k/a Tomball Dodge. There are [...]
Hellcat Grand Cherokee. The term sends shivers of revulsion or anticipation down people’s spines. Revulsion if you are a hardcore Jeep offroad type or any executive at AMG, BMW’s M, or Porsche’s SUV division. Anticipation if you are anyone else with a pulse. Nothing official has been said about a Grand Cherokee coming with the already legendary Hellcat installed, and there is not likely [...]
This week, reliable source oh2o wrote that the Viper ACR would start production in July of 2015 as a 2016 model year car. How much of the concept Viper ACR , which was shown at the 2014 SEMA show, will carry through to production is unknown. We can surmise that the enormous carbon ceramic brakes will make it to production, along with [...]
Recently, Automotive News’ Larry Vellequette reported that Chrysler planned to boost the price their least expensive minivan to around $26,000. This resulted in an extensive discussion on Allpar’s forums, with some outrage over the high entry price. Going back to 2000, when minivan sales were still thriving and Chrysler was the undisputed king of the North American mini-market, we see the [...]