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Chrysler heads for Chapter 11 bankruptcy

The Chrysler logo is displayed in front of it's Belvidere Assembly Plant in Belvidere, Illinois in an October 10, 2007 file photo. The Obama administration announced on April 30, 2009 that Chrysler would go through Chapter 11 bankruptcy, the first ever for a U.S. car dealer. Chrysler also signed a deal with Italian car maker Fiat. (UPI Photo/Brian Kersey/File)

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