Wednesday, February 27, 2008

Plastech deal extended

Chrysler LLC, the third-largest U.S. automaker, said it reached an agreement to keep receiving parts from Plastech Engineered Products Inc. through March 3.The automaker's interim contract with the supplier under bankruptcy protection was set to end tonight. Auburn Hills-based Chrysler announced the extension Tuesday in an e-mailed statement.

The two companies have created two short-term agreements to continue supplying parts after Chrysler canceled contracts with Plastech on Feb. 1 and demanded the return of manufacturing equipment from the supplier. Plastech filed for bankruptcy protection and halted shipments to Chrysler, idling four of the automaker's factories.

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