But many still expect Chrysler to go into Chapter 11 but “My sense is that it’s not liquidation, that it would be a reorganization,”
A new company would be set up with the best assets of Chrysler, these people said. Fiat of Italy would own 20 percent to 35 percent of the new Chrysler, they said, with the government also holding a stake. Some of the equity in the new company would also be given to Chrysler’s creditors as repayment.
Click on the following for the rest of the story: Chrysler and Union Agree to Deal Before Federal Deadline - NYTimes.com
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