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Chrysler Woes Bankrupt Getrag Dual Clutch Transmission Plant |
Getrag Transmission Manufacturing LLC said Monday it filed for Chapter 11 bankruptcy protection for its Tipton Indiana facility after Chrysler LLC pulled out of a financing options agreement and left the plant without a primary customer. The $530 million facility was being built for the sole purpose of making dual clutch transmissions for Chrysler, so when the automaker terminated the deal last month, the German manufacturer said it was forced to stop its operations in Tipton and cancel the project.
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