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AddFiat to get stake in Chrysler; work to begin on new fuel-efficient platform

Chrysler's ENVI line of concepts - Click above for a high-res gallery of the Dodge Circuit EV

AddREPORT: Chrysler headed into bankruptcy as debt talks fail

It looks like the concessions and government intervention aren't going to be enough to keep Chrysler out of bankruptcy. The AP is reporting that talks between Chrysler's lenders and the Treasury Department have broken down, meaning the company will not be able to reduce its $6.9 billion in secured debt. That debt reduction was seen as one of the last pieces of the puzzle in keeping Chrysler out of bankruptcy following the union concessions that had been made earlier this week.

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