UPDATE 1-Chrysler readying "viable" turnaround plans

Newswire

DETROIT, Nov 26 (Reuters) - Chrysler [CBS.UL] is prepared to meet "accountability and viability" criteria requested by Congress as a condition for considering a government bailout for the auto industry, Chief Executive Bob Nardelli said. U.S. lawmakers, while dismissing a blank check approach to the cash crisis facing the auto industry, agreed last week to give them another chance to make their case for a rescue, asking for the submission of restructuring plans by Dec. 2. "The company ...

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