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.
Chrysler's turning up the heat on its suppliers to reduce the cost of parts by 25 percent over the next three years. That's not just new parts, either, but everything. A widget that hasn't changed in any way must drop in price by 25 percent in three years time. The automaker's also making changes to its own operations to help with the effort and save money on components. Sharing common pieces over a larger range of models will help, as will reducing expensive late engineering tweaks. Chrysler is