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Saturday, June 22, 2024 | Back issues
Courthouse News Service Courthouse News Service

Auto Crisis Drives Tranny Firm Bankrupt

DETROIT (CN) - Getrag Transmission Manufacturing filed for bankruptcy, listing more than $500 million in debts. Getrag was building a $530 million factory in Tipton, Ind., for the sole purpose of making transmissions for Chrysler, but Chrysler canceled the contract, according to industry reports.

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