Thursday, December 1, 2022 | Back issues
Courthouse News Service Courthouse News Service

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.

Read the Top 8

Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.