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Wednesday, April 23, 2025

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Chrysler Files for Chapter 11

MANHATTAN (CN) – Chrysler filed for bankruptcy Thursday, after President Obama publicly blasted a group of its creditors who refused a government offer to settle its debts for about 33 cents on the dollar. Chrysler is expected to combine with Fiat if it emerges from bankruptcy – which President Obama said he expects will be a quick process, though some analysts were not so sure.

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