Metaldyne Corp. and DaimlerChrysler AG sign a joint venture agreement for Metaldyne to operate Chrysler Group’s New Castle, IN, Maching and Forge plant. Under terms of the deal, Metaldyne will oversee daily operations at New Castle, while Chrysler will have the majority interest in the JV, holding 60% of common stock. Workers at the JV, NC-M Chassis Systems LLC, will continue as Chrysler employees, and systems support and control processes will remain the same, says DC. The New Castle ...
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