Word is that tomorrow pen will be put to paper and Italian Fiat Group SpA will become a partner with Chrysler LLC in order to keep Chrysler out of bankruptcy filing.
Of course it remains to be seen if this will work, but isn't that what makes life exciting?
The autoworkers' unions in the U.S. and Canada have agreed to make concessions and banks that hold Chrysler's debt are willing to take $2 billion instead of the nearly $7 billion they're owed.
Leave the gun, bring the cannoli.
1 comment:
Chrysler's sorry ass, indeed. Well said.
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