Chrysler to avoid liquidation - source

Newswire

WASHINGTON, April 29 (Reuters) - Chrysler LLC will not be liquidated but it is still unclear whether the struggling U.S. auto maker will enter bankruptcy or not, a source familiar with the negotiations said on Wednesday. "Chrysler will survive and avoid liquidation, whether that happens in or out of bankruptcy remains uncertain at this point," the source told Reuters. Meanwhile an official from President Barack Obama's administration said talks could go up to the last minute on April 30. ...

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