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.
It has been years since Allpar first reported on the future launch of a new Jeep Wagoneer, and the dropping of the Dodge Caravan. With Wagoneer on the books, Chrysler planners may have had mixed feelings about the sudden success of the Dodge Durango. They wanted to drop the Durango for a more-profitable Wagoneer (essentially a Durango with the Grand Cherokee suspension design [...]
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The Challenger Hellcat is a hot image car for Dodge, and the brand’s leader has already said he wants to get as many out to the public as possible, suggesting to dealers that they not tack on $10,000 (or higher) surcharges as they did to hot cars in the past — from Vipers to PT Cruisers. While his calls may [...]
The 2015 Chrysler 300C has been inadvertently revealed by Chrysler itself, in an optional image for its navigation systems. As Allpar sources predicted, the car has dropped the chrome underneath the headlamps and moved the Chrysler wings to the top of the grille, but otherwise is rather similar to the current model. The grille has grown to be Audi-oversized in this [...]