Chrysler Files for Bankruptcy

Rozens, Aleksandrs
May 2009
Mergers & Acquisitions Report;5/4/2009, Vol. 22 Issue 18, p13
The article reports on the decision of Chrysler to file for bankruptcy court protection which will bring it into the Italian auto maker Fiat Spa. The move also made the auto maker the first major U.S. auto maker to file for bankruptcy court protection. A 3.3 billion U.S. dollar debtor in possession loan will be provided by the U.S. government to cover costs the auto maker incurs while in bankruptcy.


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