The significance of this chapter 11 filing to Chrysler and to the United States economy is difficult to overstate,” Chrysler says in its filing. The sale “if it can be promptly consummated, will maximize value available for stakeholders, save thousands of jobs, and strengthen the automotive sector and the economy generally.
Chrysler files for bankruptcy | Freep.com | Detroit Free Press
Obama said he is more hopeful than he was a month ago of a resolution that keeps Chrysler viable.
Obama very hopeful for Chrysler resolution | Freep.com | Detroit Free Press
Italy’s Fiat SpA will sign an agreement Thursday to form an alliance with Chrysler LLC, sources familiar with the negotiations said Wednesday.
Source: Fiat, Chrysler to sign alliance deal Thursday | detnews.com | The Detroit News
Chrysler creditors agree to deal to help avert bankruptcy | detnews.com | The Detroit News
The Treasury Department reached a critical deal with Chrysler LLC’s major creditors to dramatically reduce the Auburn Hills automaker’s debt burden — an essential move for Chrysler to avoid bankruptcy.
