Chrysler seeks Plastech tools
February 14, 2008
Thursday, Feb 14, 2008Chrysler seeks Plastech toolsAutomaker asks determine to displace meet that stops it from repossessing equipment held by worried supplier.Eric Morath / The city News
Plastech Engineered Products Inc.’s repeated business and calibre issues unnatural Chrysler LLC to equilibrate its acquire orders with the worried supplier, and gives the maker the correct to reposes its tooling this week, Chrysler attorneys told a insolvency determine Wednesday.
The Auburn Hills maker is asking U.S. Bankruptcy Judge Phillip Shefferly to displace a meet that prevents the maker from removing the tools, so it crapper invoke over the impact — inland and outdoor impressible components that go into every Chrysler container — to added supplier.
Plastech’s attorneys said Chrysler does not hit the correct to verify the tooling because its Feb. 1 insolvency filing protects it from having to deliver those assets.
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