Breaking: Fox News Reporting Chrysler is Filing Chapter 11


UPDATE: Fox is now reporting that a WH announcement is due noon, EST… Chapter 11 still pending. (I wish these reporters would get their stories straight.)

UPDATE: 12:20 PM EST… President Obama just spoke… Chrysler will file for bankruptcy.


Fox News is reporting that Chrysler is filing chapter 11… And they just had on the WSJ reporter Stephen Moore who claims that he doesn’t think that the government will let the company completely fail and predicts another bailout of apx. $5 billion dollars.

Will update when possible.

Alan Speakman

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s