U.S. Reportedly Prepares for Chrysler Bankruptcy

With the clock ticking on a government-imposed deadline to negotiate a deal with Italian automaker Fiat, struggling Detroit automaker Chrysler could end up filing for bankruptcy next week. The New York Times, citing unnamed sources, reported that the Treasury Department was preparing a Chapter 11 bankruptcy filing for the company that would protect pension and retiree health benefits. An administration official said that while there is "speculation until there's a deal. It should surprise no...Full Story
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