Bend / Central Oregon News, Sports, Business, Weather, Entertainment, Classifieds and Local & State Headlines | The Bulletin

Use Advanced Search to filter by date and category. *keyword is required in search field.
start date (MM-DD-YYYY):
 -  - 
end date (MM-DD-YYYY):
 -  - 
category:
Archive Home > 2009 > April > 29 > Chrysler’s future hinges on the mercy of creditors

Chrysler’s future hinges on the mercy of creditors

Without retirement of $6.9B in debt, automaker will be forced into bankruptcy

By Bill Vlasic / The Bulletin
April 29, 2009

DETROIT — The Obama administration is prepared to force Chrysler into bankruptcy by the end of the week unless it gets unanimous consent from a group of banks and hedge funds to retire the automaker’s debt.

The Treasury Department has told the lenders — 46 creditors....

Read complete article

Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.