Chrysler is bankrupt. To a British ear that sounds pretty stark, but in the US it means something rather different – ‘chapter 11 bankruptcy‘. It will keep operating, but it will be able to fend off its creditors and try to renegotiate its debts.
Tag Archives: UAW
Bankrupt Chrysler signs Fiat deal
at 5:01 pm on Thursday April 30, 2009
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