Friday, April 24, 2009

CHRYSLER MAY FILE FOR BANKRUPTCY FOR POSSIBLE FIAT DEAL

Astoria, New York
Chrysler may be forced into Chapter 11 bankruptcy as early as the next few days. This will allow for a possible FIAT deal. The italian car maker is eyeing both Chrysler and GM's Opel division to expand its international market share. The real economist is keeping an eye on the this important story. Meanwhile Ford has reported a 1.4 billion dollar loss with a lower cash burn rate. Shares are indicated higher in the pre-markets.
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