The Wall Street Journal reports that President Obama is now expected to deliver his speech concerning Chrysler's fate at noon - EST.
While there are still a number of unknowns, the following appears certain:
- Chrysler will file for Chapter 11 Bankruptcy protection
- Chrysler and Fiat will sign an agreement by the end of the day
- Nardelli will be replaced very soon with either a Chrysler or Fiat Executive
- Chrysler will use their bankruptcy powers to selectively terminate dealers