Monday, February 04, 2008

Could Plastech bankruptcy sink Chrysler?

The buzz on the street is that Plastech filing for Chap 11 Bankruptcy has shut down 4-1/3 Chrysler plants so far, but according to those who know this may be a lot worse than we are being told. All 14 plants are at risk for lack of parts. Chrysler is moving to take possesion of the tooling involved, if they are unsuccesful, you can expect a major blow to Chrysler and possibly force Chrysler into bankruptcy for the second time in history!

Here is the Automotive News story , you may have sign up for a free subscription to read this article.

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