Chrysler Bankruptcy Chapter 11 April 2009

Chrysler will file for Chapter 11 bankruptcy today, April 30, 2009.

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Bankruptcy Details:

Chrysler & Fiat have formed a partnership that will save 30,000 jobs in the U.S

Chrysler is expected to emerge from Bankruptcy within 30-60 days

GMAC will take over financing for Chrysler

Obama's team will continue working with General Motors ( GM ) team

Steps have been taken to give Chrysler a new lease on life

Your warranties are still safe because they are backed by the U.S Government

CEO Robert Nardelli to leave company after filing

The stock market was up 109, now only 75, but holding in there!

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