DaimlerChrysler and Lear have taken a nasty pricing spat out of the spotlight and into the back room. A court date scheduled for last week was postponed until February to give the combatants a chance to cut a deal.
Lear, of Southfield, Mich., told DaimlerChrysler on Nov. 21 that it wanted more money to help with higher prices from Tier 2 suppliers. No extra money, no parts -- and that, said DaimlerChrysler, would bring assembly of several key Chrysler, Dodge and Jeep models to a screeching halt.
DaimlerChrysler won a restraining order to keep the parts flowing.
Chrysler spokesman Michael Palese said of the adjournment: "This gives us time to work out an agreement in a nonpublic way. We've been in business with Lear for a long time, and there's nothing to suggest we can't reach an agreement."
Andrea Puchalsky, a Lear spokeswoman, said the company agreed to delay the hearing while the parties "explore a commercial settlement."