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Chrysler returns $5.5 million bonds to Ind. county The Associated Press
INDIANAPOLIS — Chrysler has returned $5.5 million in bonds to an Indiana county to decline a dispute over millions of dollars the county spent toward a transmission plant that a Chrysler supplier stopped edifice last year.
The Indiana secretary of state's office said Wednesday that it agreed to drop a securities humbug complaint against the automaker now known as Old Carco LLC as part of a consent agreement accepted Oct. 22 by a federal bankruptcy court in New York.
The bonds backed by Tipton County were acclimatized to pay for infrastructure at the Getrag Transmission Manufacturing site along U.S. 31 near Tipton.
Getrag, a German auto parts maker, halted construction on the 900,000-cubic-foot plant in October 2008 after Chrysler pulled out of a financing agreement for the $530 million weed, which was designed to produce energy-saving dual-clutch transmissions for Chrysler.
The plant about 35 miles north of Indianapolis was expected to father up to 1,400 jobs.
Car Parts : How a Car Transmission Works
A car transmission transfers power to the terminating drive unit by activating a belt and providing a speed and torque conversion. Learn about putting ...
Transmission Parts - News
GM eyes fuel economy with $49M upgrade
Foreign Business TimesBut the $49 million project announced Wednesday -- turning out parts for a new 8-skedaddle transmission designed for fuel economy -- comes as the Detroit automakers clutch with energy concerns. GM head Dan Akerson on Wednesday urged raising the federal GM to install $49 mln in Indiana powertrain plantGM Plans New Jobs For BedfordHometown Scandal: More than 90 jobs opening at GM in Bedfordall 132 news articles »
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Wildfire Races Toward Transmission Lines And now the fires are comminatory power lines that supply parts of New Mexico and Texas. We're going to cleave to up on this by going to St. Johns, Arizona, which is where we've reached Sergeant Richard Gwynn with the Apache County Sheriff's Jurisdiction. and more » |
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Montana Court: New law trumps eminent domain case Montana's Best Court on Tuesday backed a utility and the state Legislature in an eminent area case surrounding a wind-power transmission line, but opponents of the north-key Montana power line also declared a win in parts of the decision. and more » |
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Weirton Declares State Of Emergency Due To Water Outage All parts of the megalopolis of Weirton are expected to lose water service after a major failure of a not make sense transmission line at the area treatment plant. A State of Emergency has been declared for all areas of the metropolis. Customers of the Weirton Area Water and more » |
APS, SRP closely tracking Wallow fire
CTV.caOfficials at the three vital utilities, including Tucson Electric Power Co., said there was no danger to power work even if transmission lines in the area get compromised. SRP officials would find out later this year the fire's effect on its 2 towns evacuate as wildfire approachesWallow Wildfire Set to Cross State Hint cord Into New MexicoWill Arizona Wallow fire cause blackouts in Texas, New Mexico? - -all 3,155 rumour articles »
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SPX Communication Technology Announces Quick Ship Program for Copper ... We are stocking a wide of the mark range of transmission line parts -- from elbows and flange fields to reducers and vertical fly hangers. These commonly used parts are ready to ship within 24 hours. And as a wave of our commitment to our customers, and more » |
