Chrysler files for bankruptcy, Fiat Group SpA to run company
Friday, May 1, 2009
The American auto company Chrysler filed for bankruptcy Thursday, however a deal with European auto maker Fiat went through. The emerging Chrysler will be owned 55 percent by the United Auto Workers, eight percent by the United States Government, two percent by the Canadian Government and Fiat would begin with a 20 percent share.
Chrysler Chief Executive Robert Nardelli will...