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Old 04-30-2009, 07:40 AM   #6
XDCX
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Join Date: Nov 2007
Posts: 14,869
Default President's speech now expected at Noon - EST

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
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