• By Ray Wert
    Dec 5, 2008 1:10 PM 2,004
    more about

    #industrynews

    GM Chairman Asks U.S. To Pay Auto Execs More Money

    Chrysler Kills ENVI Electric Car Program, Shocks No One

    Lutz To Chair Opel Supervisory Board
    read more: #carpocalypsenow, #industrynews, #jonesday, #jonesday, #chrysler, #wsj

    Report: Chrysler Hires Bankruptcy Firm Jones-Day

    The WSJ is reporting Chrysler hired bankruptcy firm Jones-Day "several weeks ago" to "prepare for imminent financial failure." More below the jump.

    All we have so far is directly from the top of the WSJ web site:

    "Chrysler several weeks ago hired the prominent law firm of Jones Day as bankruptcy counsel, suggesting the auto maker is preparing for imminent financial failure should its efforts to obtain federal rescue funds fall short."

    [via WSJ]


    Send an email to Ray Wert, the author of this post, at ray@jalopnik.com.