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Difficult Steps

Posted May. 02, 2009 09:36,   


Workers head home after clocking out of Chrysler’s truck plant in Warren, Michigan, Thursday. The automaker has begun steps to file for bankruptcy protection as negotiations with its creditors collapsed. If the process for bankruptcy protection proceeds, many of Chrysler’s plants will suspend operations. Experts say the U.S. auto industry will embrace a major shift, depending on how the Italian automaker Fiat and Chrysler conclude their partnership.