UPDATE 1-White House: Chrysler can be example for GM

Newswire

* White House says GM has made good progress * US hopeful Chrysler/Fiat deal will be approved (adds GM comments, Chrysler sale) WASHINGTON, May 29 (Reuters) - Chrysler's bankruptcy proceedings show the possibility of an orderly restructuring of a major U.S. carmaker and could be a model for General Motors , the White House said on Friday. "Chrysler is a hopeful example for General Motors," White House spokesman Robert Gibbs told reporters. GM is expected to file for Chapter 11 ...

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