Chrysler supplier files for bankruptcy

[OhioChick]

Source: Zee News India

Auburn Hills, Feb 02: Chrysler LLC scrambled to maintain its inventory of plastic parts after a supplier filed for bankruptcy protection.

Plastech Engineered Products Inc. apparently failed to negotiate a bailout package with its customers, The Wall Street Journal reported Friday.

Dearborn-based Plastech agreed to supply Chrysler through the weekend, spokeswoman Michele Tinson said.

The bankruptcy filing had not forced Chrysler to shut down any plants, Tinson said. "But it could potentially," she said. "It could impact a number of plants."

Calls to Plastech headquarters were not answered late Friday.

Chrysler was Plastech's fourth-largest customer, The Journal said. The company has 8,000 employees at more than 30 plants in North America.



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