Chrysler Driving the Last Mile This Week?By
As the days dwindle down to Chrysler’s deadline April 30 to show the federal government it has a new plan for financial viability, or face bankruptcy re-organization, there has been movement on talks between the White House, Chrysler owner Cerberus Capital Management and banks holding the automaker’s debt. But there is still a huge gap between the negotiators, and the likelihood of bankruptcy is greater than 50%, according to one executive briefed on the progress.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.