President Barack Obama announces Chrysler's bankruptcy and federal aid to the company and sets a deadline for its negotiation with Fiat

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Description:

President Barack Obama announces Chrysler's bankruptcy and says that the U.S. will provide the auto company with up to $8 billion in aid. Obama blames Chrysler's private debt holders for forcing the bankruptcy decision and also says he has given Chrysler thirty days to finalize a partnership with Italian automaker Fiat or the government loans will be called.

Date Issued:

2009-04-30T00:00:00Z

Data Provider:

Michigan State University. Libraries

Collection:

G. Robert Vincent Voice Library Collection

Place:

United States and United States

Subject Topic:

Bankruptcy, Federal aid, Automobile industry and trade, Subsidies, and Partnership

Subject Name:

Chrysler LLC and Fiat (Firm)

Language:

English

Rights:

No Copyright

URL:

https://n2t.net/ark:/85335/m5tq5rf1x