Chrysler bankruptcy not ruled out - White House

Newswire

WASHINGTON, April 28 (Reuters) - The Obama administration said on Tuesday it was not ruling out bankruptcy for Chrysler LLC, despite the U.S. Treasury reaching a tentative deal with banks representing most of the automaker's main lenders. "The developments of the past several days have been important steps to ensure we get a workable deal between Chrysler and Fiat," White House spokesman Robert Gibbs told reporters. "We're pleased at the steps. We don't want to prejudge the outcome. ...

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