Article: This Just In.

Chrysler-Fiat to pick up local suppliers' contracts

More than 200 local auto suppliers will see their Chrysler L.L.C. contracts picked up and will be paid more than $320 million when the automaker links with Fiat S.p.A.

The companies are among 1,200 Chrysler suppliers that will have their contracts transferred to the new Chrysler-Fiat entity expected to rise out of Chrysler's Chapter 11 bankruptcy proceedings. Suppliers will be paid for what they were owed before Chrysler filed for bankruptcy 40 percent before the sale to Fiat and 60 percent after. A list of the local suppliers and how much they're owed is at www.crains detroit.com/multimedia.

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