Obama calls his decision to push a Chapter 11 filing on the automaker unfortunate but necessary. The move sends a sharp message to General Motors and its stakeholders as their deadline looms. Reporting from Los Angeles and Washington Martin Zimmerman -- President Obama's decision to save Chrysler by pushing it into bankruptcy Thursday puts the major U.S. automaker in risky, uncharted territory and could portend a similar outcome for General Motors Corp. as it races to meet its own government restructuring deadline.
Chrysler files for bankruptcy protection
Chrysler filed for bankruptcy protection and announced it will temporarily halt most of its vehicle production while it completes a deal with Fiat designed to revive its fortunes.
Apollo Tyres offers to buy Dutch tyre maker
Delhi-based Apollo Tyres, the country's second-largest tyre producer, has offered to acquire 100 per cent stake in Vredestein Banden B.V, a Netherland-headquartered premium tyre making for an undisclosed sum.
Tidak ada komentar:
Posting Komentar