As was widely expected, Chrysler, the US automaker, filed for chapter 11, which helped to eliminate some of the indecisiveness surrounding the problematic sector. Creditors to the company refused to give-way in talks that would have seen them lessen the $6.9Bn Chrysler owed them, this despite the government pledging to add $250m to the $2..0Bn already allocated to this effect. The plan now calls... ...More...


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