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Creditors holding 25% of the automaker's debt refused a government deal to avoid bankruptcy. We examine their motives in this edition of The Business Week
Chrysler filed for Chapter 11 bankruptcy protection on Thursday, Apr. 30. Many of the company's biggest creditors, such as JPMorgan Chase (JPM), agreed to a government and management-led restructuring plan to avert bankruptcy. But some hedge funds and others holding a total of 25% of Chrysler's debt did not—leaving it for a judge to decide the company's fate. BusinessWeek Senior Correspondent David Kiley explores what these creditors may be seeking in the feature section of our weekly video edition of The Business Week.
Plus: why General Motors (GM) decided to kill one of its brands, how the weak first-quarter U.S. gross domestic product report could bode well for the economy, and what President Barack Obama has accomplished in his first 100 days.
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