Chrysler slid on Wednesday to the brink of bankruptcy as it negotiated with debtholders and the US government ahead of Thursday’s government-set deadline for a restructuring plan. People involved in talks between Chrysler and the government said there was a chance Chrysler could avoid bankruptcy. But the Obama administration could also announce as early as Thursday that Chrysler will file for bankruptcy protection in order to restructure its remaining debt and become a viable partner for Fiat, the Italian carmaker.
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