Chrysler to File for Bankruptcy

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At his news conference last night, President Obama said Chrysler might not have to resort to bankruptcy. But several bond-holding hedge funds refused to take less than what they were owed. Today, the President denounced what he called “a small group of speculators.” As it files for Chapter 11 bankruptcy, Chrysler will be merging with the Italian company Fiat. Justin Hyde reports from Washington for the Detroit Free Press.

Credits

Guest:
Justin Hyde - Washington Bureau Reporter, Detroit Free Press

Host:
Warren Olney

Producers:
Andrea Brody, Karen Radziner, Katie Cooper