April 28, 2009
Exit Pontiac...

Enter Alfa:

Chrysler LLC and the U.S. Treasury Dept. have reached an agreement with banks and private equity firms holding $6.9 billion of the automakerís debt. Those firms have agreed to take $2 billion and a small equity stake in the company, paving the way, it seems, for Chrysler to avoid bankruptcy and with Italian automaker Fiat.

No, the fat lady hasn't sung, but I think I can hear her warming up in the wings.

Posted by scott at April 28, 2009 07:19 PM

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