US House panel seeks documents from Chrysler
WASHINGTON, May 18 (Reuters) - Chrysler LLC was asked on Monday by a congressional subcommittee to provide documents on its planned factory closings, with the panel's chairman saying lawmakers were not given a full accounting of the matter.
"Members of Congress were assured that there would be no permanent Chrysler plant closings or job losses under the terms of Chrysler's (bankruptcy)," wrote Ohio Rep. Dennis Kucinich in a letter to Chrysler Chief Executive Robert Nardelli.
"When the terms of the bankruptcy were released on May 1, 2009, plants in Michigan, Missouri, Wisconsin and Ohio were targeted for closure," wrote Kucinich, who chairs the Oversight and Government Reform Committee's domestic policy panel. (Reporting by John Crawley; Editing by Lisa Von Ahn)
© Thomson Reuters 2009 All rights reserved
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
Dubai Debt Fears
Dubai says it will ask creditors at flagship firms Dubai World and property developer Nakheel to delay repayment on billions of dollars of debt, sending ripples through world stock markets. Full Article




India
US
UK










