News Feed » United Auto Workers Union http://www.news-feed.com Current and updated news feed covering the U.S. and the rest of the World Sun, 05 Feb 2012 15:16:42 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Chrysler Hoping To Turn Things Around http://www.news-feed.com/2009/05/02/chrysler-hoping-to-turn-things-around/ http://www.news-feed.com/2009/05/02/chrysler-hoping-to-turn-things-around/#comments Sat, 02 May 2009 16:49:07 +0000 admin http://www.news-feed.com/?p=255 It will take nothing short of a miracle for Chrysler LLC to make a quick recovery as it began bankruptcy proceedings yesterday. After failing to meet the US Government’s deadline to restructure, Chrysler hopes to turn things around by selling its assets to form a new company to be owned by the Government, FiatSpa, and the United Auto Workers Union.

It’s not certain if this plan will be approved, and even if it is, Chrysler may have a tough time finding buyers for the unpopular European cars that it plans to market after its reorganization.

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