1340 AM, Saturday, November 21st, 2009
Government Could Force GM And Chrysler Into Bankruptcy
Last updated on Tuesday, February 10, 2009
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(UNDATED) - The U.S. Government may force General Motors and Chrysler into bankruptcy in order to receive repayment of $17.4 billion dollars in federal bailout loans.
The automakers reportedly have dismissed calls to reorganize under bankruptcy protection.
GM has several facilities in the state, including a plant in Allen County. Chrysler employs thousands in Kokomo.
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