US: Chrysler files lawsuit in dispute with Getrag

Chrysler has filed a lawsuit in Oakland County Court charging that Getrag and its US subsidiary Getrag Transmission Manufacturing LLC misrepresented its ability — and failed to use good faith efforts — to secure financing to support the joint development of a manufacturing plant in Tipton, Indiana, to build dual clutch transmissions, which would be purchased principally by Chrysler for use in its vehicles. This, it is alleged, was in breach of their agreements with Chrysler.

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THE WEEK THAT WAS: When will we hit bottom?

Far greater minds than that of your ever-humble just-auto deputy editor’s are focused on The Economic Situation as yet another tumultuous week draws to a close. To this non-economist, the roller-coaster ride of the last few weeks shows no sign of ending any time soon as stock markets world-wide continue to free-fall despite massive government injections of taxpayers funds. What future the auto industry in all this?

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