chry to declare BK TODAY!

RACER X · 04-30-2009, 09:09 AM

from yesterday

Bloomberg is reporting that President Barack Obama is expected to announce tomorrow that Chrysler will enter Chapter 11 bankruptcy before signing an alliance with Italian automaker Fiat. Under the deal, Chrysler's most valuable assets would be sold to a new "entity." Fiat is expected to take a 20 percent ownership stake in Chrysler, a union retiree health-care trust fund would own 55 percent, and the rest of the company would be owned by the U.S. government.

http://www.bloomberg.com/apps/news?p...d=a97rZxZqE4S8

04-30-2009, 09:09 AM	#1
RACER X AMA Supersport Join Date: Nov 2008 Location: Richmond, Tx Moto: '10 Tuono Factory Posts: 4,569	chry to declare BK TODAY! from yesterday Bloomberg is reporting that President Barack Obama is expected to announce tomorrow that Chrysler will enter Chapter 11 bankruptcy before signing an alliance with Italian automaker Fiat. Under the deal, Chrysler's most valuable assets would be sold to a new "entity." Fiat is expected to take a 20 percent ownership stake in Chrysler, a union retiree health-care trust fund would own 55 percent, and the rest of the company would be owned by the U.S. government. http://www.bloomberg.com/apps/news?p...d=a97rZxZqE4S8 __________________ ΜΟΛΩΝ ΛΑΒΕ 2014 GROM! 181cc of FURY 2010 Aprilia Tuono Factory - SOLD 2009 SFV Gladius - SOLD 2008 Hayabusa - SOLD.