The New York Times
Thursday, April 23, 2009 -- 3:24 PM ET
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U.S. Is Said to Prepare Bankruptcy Filing for Chrysler
The Treasury Department is preparing a Chapter 11 bankruptcy
filing for Chrysler that could come as soon as next week,
people with direct knowledge of the action said Thursday. The
Treasury has an agreement in principle with the United
Automobile Workers union, whose members' pensions and retiree
health care benefits would be protected as a condition of the
bankruptcy filing, said these people.
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