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Friday, May 01, 2009

Obama On Chrysler and the Autos

U.S. third largest auto maker, Chrysler, finally filed for Chapter 11 bankruptcy after failing to meet requirements to avoid 30 days bankruptcy deadline on 30 April 2009.

After consulting the Auto Task Force, Obama announced the very difficult decision for Chrysler to file for Chapter 11 bankruptcy and need for a major restructuring.

Chrysler files for bankruptcy protection [via]

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