WRAPUP 3-Deal reached to cut Chrysler debt, bankruptcy possible


* Gov't, major Chrysler lenders have deal in principle * Fiat CEO quoted as saying Chrysler bankruptcy likely * Chrysler liquidation scenario fading-analyst * GM, Ford prospects take hit as Chrysler brightens * GM shares close lower, Ford up (Recasts, adds Fiat, analyst's comment) By Poornima Gupta and Caren Bohan DETROIT/WASHINGTON (Reuters) - Chrysler LLC's biggest lenders and the U.S. government reached a breakthrough framework deal to cut the automakers' debt by $6.9 ...

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