Canada

Obama: Chrysler Enters Bankruptcy

April 30, 2009 at 12:10 PM · 1 comment

in Management

A few minutes ago, Barack Obama began announcing that Chrysler enters Chapter 11 bankruptcy, but with the support of the agreeable lenders and shareholders, with JP Morgan, Fiat [FIATY], Daimler (Mercedes-Benz) [DAI], the Canadian government, Chrysler management, and the unions onboard with the announcement. This is certainly interesting: there is a hoped-for accelerated reorganization that, [...]