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Financing lawsuit threatens Chrysler-Getrag dual clutch transmissions

Posted on October 11, 2008

Filed under: ChryslerThe current credit crisis could be playing further havoc with Chrysler's future powertrain product plans. In the first half of 2007, Chrysler announced investment plans to build two new engine plants and a transmission plant for 2010 model cars. The transmission facility was to be a joint venture with Getrag to build fuel saving dual clutch transmissions. Chrysler already offers German-built Getrag DCTs in the European specification Journey and Sebring. Unfortunately Getrag's apparent inability to raise $300 million in debt financing that it committed to in the deal with C...

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european , german , investment