Transcast Precision Inc

Chrysler gains interim court order to force Canadian parts manufacturer Transcast Precision Inc. into short-term deal

Published in Health Business Week, April 24th, 2009

Today, the Ontario Courts ordered Transcast Precision Inc. (Transcast) to supply sufficient parts to Chrysler, GM, Magna and Gates for 14 days of production. Additionally, another proceeding is required within that two-week period to settle matters regarding ongoing price and supply.

"If the North American auto industry intends to rebuild itself and emerge from our current recession, it must defend the rights of all business owners - especially the auto parts manufacturers who are being economically exploited," said Dean Topolinski, President and Director of Transcast Precision Inc. "We are hopeful that the courts will recognize the established pricing and negotiations...

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Source: Health Business Week (2009-04-24)

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