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  1. Chrysler to enter Chapter 11

Chrysler to enter Chapter 11

President Obama has confirmed that Chrysler is to enter Chapter 11 bankruptcy protection after failing to persuade its main lenders to write off debts.

US: LaSorda quits Chrysler

Chrysler vice-chairman and president Tom LaSorda last week retired with immediate effect, the automaker said in a statement.

US: S&P mulls supplier ratings

Standard & Poor's has said it may cut ratings on six North American auto suppliers after Chrysler's bankruptcy filing.

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