Chrysler Files for Chapter 11 & Markets Stay Optimistic – Holiday in Europe
May 1, 2009 by admin · Leave a Comment
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…
