Chrysler Bankruptcy Unavoidable as Treasury-Lender Talks Break Down

Talks between the Treasury Department and lenders to keep Chrysler out of bankruptcy broke down late Wednesday, making the automakers trip to bankruptcy court on Thursday – unavoidable.

From The NYT: 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…

Barring an agreement, which looked increasingly difficult, Chrysler was expected to seek Chapter 11 protection on Thursday, most likely in New York.

Meet Jasper - The AI Writer

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.