DETROIT, Feb 14 (Reuters) - A U.S. Bankruptcy Court judge said on Thursday he would be prepared to rule next week on a request from Chrysler LLC to seize tooling from bankrupt parts supplier Plastech Engineered Products Inc.
Judge Phillip Shefferly urged Chrysler and Plastech officials to reach some kind of interim agreement until he rules at 4 p.m. ET Tuesday on Chrysler’s request. An interim production agreement between the companies expires on Friday.
“I would encourage the parties to see if they can reach some accommodation for the next several days,” Shefferly said following a two-day hearing in Detroit. “I would be very disappointed if one is not reached.”
Chrysler spokesman Kevin Frazier said he was unsure when the automaker would begin talks with Plastech on extending the agreement.
The dispute idled five Chrysler plants last week and is being closely watched by Plastech's other major customers including Johnson Controls Inc JCI.N, Ford Motor Co F.N and General Motors Corp GM.N. (Reporting by Kevin Krolicki and David Bailey; editing by Carol Bishopric)
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