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, [...]
Chrysler
After days of intense haranguing, negotiations, tirades, tentative agreements, and lots of other drama, it seems that there are a few key money lenders in Chrysler that are refusing to deal with the federal government, the unions, Fiat, other shareholders, and other interested parties. Thus, it appears that, without that last minute change-of-heart, Chrysler will [...]
