Providence Journal - Subscribe Now & Get Our Latest Offer
1

Cars Blog

Chrysler's speedy bankruptcy case gets started

Comments  | Recommend
May 1, 2009 1:50 pm
By Peter C. T. Elsworth

NEW YORK -- Attorneys for Chrysler will ask a federal bankruptcy judge Monday to let the ailing automaker start using a new infusion of $4.5 billion in loans from the Treasury Department so it can operate under bankruptcy protection, according to The Associated Press.

At a hearing Friday in Manhattan bankruptcy court, Chrysler attorney Corinne Ball said the company will also file its motion to sell substantially all of its assets to Italian automaker Fiat Group SpA before Saturday morning.


Share Your Thoughts
Guidelines: We welcome your thoughts, but for the sake of all readers, please refrain from the use of obscenities, personal attacks or racial slurs. All comments are subject to our terms of service and may be removed. Repeat offenders may lose commenting privileges.
Providence Journal - Subscribe Now & Get Our Latest Offer
MOST COMMENTED