Chrysler’s Next Chapter

by Steve on May 5, 2009

That would be Chapter 11.  After a rather confusing mix of forfeitures, cash infusions, and trades Chrysler will emerge under a board run by our government, Canada, the union trust fund, and Fiat who will end up with a controlling interest if all goes well.

President Obama said the “necessary steps” had been taken to give Chrysler “a new lease on life”.

BO knows autos…

More from the BBC.

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