Attorneys for Chrysler say unloading the assets to a group led by Italy's Fiat Group SpA is the company's only hope to avoid selling itself off piece-by-piece. They say a leaner Chrysler could shift more easily to smaller, more fuel-efficient cars.
But many Chrysler dealers, bondholders and former employees say they are being steamrolled by the bankruptcy proceedings. Fiat could back out if the deal doesn't close by June 15.
The hearing resumes tomorrow. It could stretch through Friday.
Morey money-related links:
Get Action News on your website
