Chrysler to Dealers: We're Not Going Bankrupt

By Kevin Spak,  Newser Staff
Posted Apr 24, 2009 1:33 PM CDT
Jim Press, president and vice chairman of Chrysler, discusses a Fiat 500 at the New York International Auto Show, April 8, 2009.   (AP Photo)
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(Newser) – Chrysler isn’t facing imminent bankruptcy, its vice chairman told the automaker’s dealers today. “Nothing has changed,” Jim Press said on a conference call, three participants tell the Wall Street Journal. Chrysler still plans to restructure outside of bankruptcy and cut a deal with Fiat. But Press did say that, should Chrysler not get concessions it needs, bankruptcy is still possible.