GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans
Green Car Congress
FEBRUARY 18, 2009
The plans, updated in the context of a worsening sales outlook for the entire auto industry, outline a need for up to an additional $16.6 the Fiat plan, earlier post ); and the “orderly wind down”—filing for Chapter 11 as the first step in an orderly wind down. Chrysler is pushing for the strategic partnership with Fiat.
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