End game

摘要

After a week of brinkmanship, it seemed that the effort to save Chrysler from bankruptcy had failed. As The Economist went to press, Barack Obama was expected to announce that last-ditch negotiations between the Treasury and secured creditors had broken down, leaving the smallest of Detroit's Big Three no other option than to file for Chapter n protection. However, Mr Obama was also expected to confirm that a deal had been reached with the Italian carmaker Fiat, offering a reorganised Chrysler a realistic prospect of emerging from bankruptcy quickly and tapping $6 billion in new federal loans.