Even under Daimler rule, Chrysler engineers pushed forward with what one engineer observer called a state of the art transmissions that eliminated most of the disadvantages of its competitors. The dual-clutch automatic transmission, a manual transmission with two clutches which was operated without the need for driver input, would be smoother than a conventional automatic [...]
Chrysler is under investigation by the state of Indiana. A spokesman for Indiana Secretary of State Todd Rokita confirmed the state is looking into possible securities fraud relating to the failed joint venture with Getrag Transmission LLC.
Under the joint venture, a $530 million transmission plant, located in Tipton County, south of Kokomo, Indiana, would have [...]
According to Automotive News, Getrag Transmission Manufacturing LLC has declared bankruptcy. Chrysler recently left the joint venture, claiming that Getrag had failed to obtain $300 million in financing without Chrysler loan guarantees. The factory which was to have made dual-clutch automated manual transmissions has been built, but tooling has not been set up. Getrag and [...]
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, [...]
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