Chrysler to Dealers: We're Not Going Bankrupt

By Kevin Spak,  Newser Staff
Posted Apr 24, 2009 1:33 PM CDT
Chrysler to Dealers: We're Not Going Bankrupt
Jim Press, president and vice chairman of Chrysler, discusses a Fiat 500 at the New York International Auto Show, April 8, 2009.   (AP Photo)

Chrysler isn’t facing imminent bankruptcy, its vice chairman told the automaker’s dealers today. “Nothing has changed,” Jim Press said on a conference call, three participants tell the Wall Street Journal. Chrysler still plans to restructure outside of bankruptcy and cut a deal with Fiat. But Press did say that, should Chrysler not get concessions it needs, bankruptcy is still possible. (More Chrysler stories.)

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