Chrysler's top ten creditors are owed about $400 million, and the top two creditors account for nearly $130 million of that. The company first in line for payment is Ohio Module, which is a subsidiary of Hyundai Mobis, which is in turn a publicly traded subsidiary of Hyundai. Ohio Module makes chassis for the Jeep Wrangler and Chrysler has run up a $70 million tab with the firm.
The next creditor is BBDO, Chrysler's ad agency, who beat out companies like Johnson Controls, Cummins and Visteon when it comes to money owed. BBDO is looking for $58 million dollars from the Pentastar, yet it is suspected that a good deal of those funds aren't actually owed to BBDO but to the media outlets from which the agency bought ad space, like local television stations. If so, that would be a huge hit for smaller affiliate outlets to take.
Although not on the top ten, the most surprising creditor recently added to the list is Bob Lutz. The amount of Maximum Bob's claim isn't known, but he has representation before the court to petitition for some sort of remuneration. Based on the line that's still forming, though, we have serious questions about his chances of recovery...
[Source: The Detroit Bureau]