Chrysler to proceed with bankruptcy: administration official
Clouds are reflected on a Chrysler PT Cruiser at a Chrysler dealership in Rome April 30, 2009.
Credit: Reuters/Tony Gentile
WASHINGTON |
WASHINGTON (Reuters) - Chrysler LLC will proceed with Chapter 11 bankruptcy protection now that talks with debtholders have broken down, an administration official said on Thursday.
(Reporting by Corbet Daly and John Crawley)
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