Chrysler says no basis to bankruptcy rumor


DETROIT, June 26 (Reuters) - A spokesman for Chrysler LLC on Thursday said market rumors of a bankruptcy filing by the privately held automaker were "without merit," saying the company had ample liquidity. "The rumor is without merit," Chrysler spokesman Dave Elshoff said. "There is no basis for the rumor." The concern about Chrysler's liquidity position and the rumor of a Chapter 11 filing drove down prices for the automaker's loans on Thursday, according to Loan Pricing Corp. ...

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