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Old 04-30-2009, 10:06 AM   #1
Dasher
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Default Senior Obama Official:"Chrysler will file for bankruptcy....

now that negotiations with creditors have collapsed."

Quote:

Chrysler is preparing to file for Chapter 11 bankruptcy on Thursday, Apr. 30, with an announcement by the White House and the U.S. Treasury that the government will provide financing for the automaker to reemerge from the process as a smaller, leaner company with Italian automaker Fiat (FIA.MI) as a major shareholder.

Also:
"There is a big possibility that production has finally escaped from the free-fall it has seen since the fall."
Quote:
HIROTAKA KUSABA,economist at the Mizuho Research Institute, after Japan's industrial production rose for the first time in six months, suggesting the worst may be over for Japanese manufacturers

Last edited by Dasher : 04-30-2009 at 10:13 AM.
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Old 04-30-2009, 10:50 AM   #2
DukeDelonte13
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Default Re: Senior Obama Official:"Chrysler will file for bankruptcy....

Fiat will make it all better
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Old 04-30-2009, 11:36 AM   #3
vapid
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Default Re: Senior Obama Official:"Chrysler will file for bankruptcy....

Finally.
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