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Chrysler And Fiat Close But Bankruptcy Still Possible

Chrysler is within striking distance of a partnership with Fiat SpA, Greg Gardner and Justin Hyde report, after Chrysler and the Obama administration reached a debt-reduction deal and UAW members began voting on cost cuts. But bankruptcy remains a strong possibility Thursday if just one of the 46 debt-holders balks at the deal. Dealers also are resisting a push to shrink their ranks.

Read the whole story at Detroit Free Press »

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