President Obama's decision to save Chrysler by pushing it into bankruptcy Thursday puts the major U.S. automaker in risky, uncharted territory and could portend a similar outcome for General Motors Corp. as it races to meet its own government restructuring deadline.
The administration is betting Chrysler's future on the company's ability to emerge quickly from what can be a complex and unpredictable legal process. Obama also is tying the company's fate to Fiat, an Italian owner that may not be able to crack the code of U.S. car buyers.
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