What’s Expected Now

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Chrysler: Strike a deal with Fiat in 30 days, likely get $6 billion. If not, probably no more money for them. Viability assessment here (pdf).

GM: Will be given “adequate working capital” for 60 days while they come up with a new restructuring plan. Viability assessment here (pdf).

Fact sheet on the plan here (pdf).

Plus: Obama administration also announces program to guarantee warranties for new car purchasers. Details here (pdf).

Related Topics: News, The Page

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