02/17/2008 (6:44 pm)
Tentative deal extended for Plastech
DETROIT–A tentative deal for auto parts supplier Plastech Engineered Products Inc. to continue sending parts to Chrysler LLC has been extended.
The deal was to expire Friday. But Chrysler spokesman Kevin Frazier says it has been extended to Feb. 27.
Both companies are awaiting a ruling expected Tuesday from Bankruptcy Judge Phillip Shefferly on Chrysler's efforts to retrieve equipment from Plastech.
Dearborn-based Plastech filed for bankruptcy protection Feb http://us-no-fax-payday-loans.com. 1 after Chrysler said it was severing business with it.
Four Chrysler plants closed briefly when Plastech stopped shipping parts, but Plastech resumed sending parts under the tentative deal.
Plastech supplies about 500 components for nearly all Chrysler's vehicles.
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