Obama very hopeful that Chrysler will be viable

Newswire

WASHINGTON (Reuters) - President Barack Obama said Wednesday he was very hopeful that Chrysler LLC would again become viable but it remained unclear if the company would seek bankruptcy to complete its restructuring. Obama said concessions by labor and major banks "promises the possibility" that Chrysler can complete its alliance with Italy's Fiat and that "you have an ongoing concern." "The details have not yet been finalized so I don't want to jump the gun but I'm feeling more ...

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