Chrysler to file for bankruptcy

http://money.cnn.com/2009/04/30/news/companies/chrysler_bankruptcy/index.htm?postversion=2009043009

This article talks about how the dealership Chrysler is soon to be filing for bankruptcy. Chrysler has always been the one of the top dealerships but due to their let down of their past few uninspired products that have not drawn many customers. Their bankruptcy report witheld no comment and now they face a Thursday deadline to reach deals with different creditors. During this time the Treasury Department loaned them about 7 billion dollars. President Obama stated that Chrysler will be a very competitve company after coming out of their dilemma. I chose this article because I was quite astonishing that a dealership like Chrysler will go under after they have been one of the apex companies in the U.S. This information was presented fairly because Obama talked about how Chrysler was going to get back to being the top company again so Chrysler is not alone. I would use Cnn as a source because they are true and talk about the opposing side also.