California Autos Examiner

Tuesday, April 28, 2009

Blink! Chrysler Creditors Agree to Deal With Treasury

And so with minutes left to go, it would appear that Chrysler may avert bankruptcy. All the major player have come to the table and given their fair share. The unions have reached a compromise, Daimler has given up its stake and debt holders have agreed on a massive write down. I think we have a deal!

While I am not a hundred percent sure that this marriage is going to work in the long term, it will hopefully bridge the gap until we reach a time when things are financially more stable.

Now the question is, "Are you ready to drive a Fiat?"

Chrysler Creditors Agree to Deal With Treasury - washingtonpost.com

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