Biden: Chrysler Could Emerge as a 'Sustainable Company' From a Bankruptcy

As U.S. auto giant Chrysler heads toward bankruptcy protection, Vice President Joe Biden said the company would emerge stronger but warned that economic conditions would likely get worse before they get better. Amid news that talks between the automaker's lenders and the Treasury Department had broken down, Biden said he shared President Obama's optimistic view that the Detroit automaker was destined for better days. Plans are already in place, so "if, in fact, bankruptcy is declared today,...Full Story
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