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After months of struggling to stay alive on government loans, Chrysler finally succumbed to bankruptcy Thursday, pinning its future on a top-to-bottom reorganization and plans to build cleaner cars through an alliance with Italian automaker Fiat.
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'The Perella Weinberg Partners' Xerion Fund has today agreed to the Chrysler settlement offer extended yesterday to the secured lender group.'
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Some lenders refuse offer to reduce debt, leading to Chapter 11 bankruptcy filing. But Chrysler will remain in business and completes deal
http://money.cnn.com/galleries/2009/autos/0904/gallery.chrysler_trouble/index.html
Chrysler was king but a string of uninspired products have destroyed its reputation. More
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A look at the most important cars in the company's history as the carmaker faces another major turning point.
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