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yglesias.thinkprogress.org - 4/30/2009
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Looks like Chrysler will wind up in a pre-packaged bankruptcy before becoming a firm jointly owned by Fiat, the United Auto Workers, the United States of America, and Canada. The point of passing through bankruptcy courts is (a) to force a handful of holdout bondholders (mostly hedge funds, ...
nytimes.com - 5/1/2009
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nytimes.com —
Peter Weinberg's firm, a Chrysler lender, held out
for better terms....
(more)
The Lenders Obama Decided to Blame for Chrysler
nytimes.com - 4/30/2009
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nytimes.com —
DETROIT Last-minute efforts by the Treasury Department
to win over recalcitrant Chrysler debtholders failed Wednesday night,...
setting up a near-certain bankruptcy filing by the American automaker, according to people briefed on the talks. Barring an ...
(more)
Bankruptcy Looks Likely for Chrysler
latimesblogs.latimes.com - 4/30/2009
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latimesblogs.latimes.com —
Standing in front of his auto task force
in the Grand Foyer of the White House, President...
Obama today announced the Chapter 11 bankruptcy filing for Chrysler , the once proud member in good standing of America's Big Three automakers. The last ...
(more)
Obama predicts a Chrysler comeback, slams hedge fund ...
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Chrysler's Moment
Opinionator —
... : Chrysler, the third-largest American auto company, filed for bankruptcy protection Friday and entered into an alliance with the Italian automaker Fiat. The bankruptcy case, which government officials envisioned as a swift, “surgical” process, was filed in United States Bankruptcy Court in New York, with the first hearing scheduled for Friday morning. It marks the first time a major American car company has tried to restructure under bankruptcy protection since Studebaker in 1933. Matt Yglesias at Think Progress came out quickly with a thumbs up but would have liked to see ...
Related: fiat cars
