Chrysler Group LLC Deputy Chief Executive Jim Press owns more than $18 million worth of real estate in some of the country’s priciest ZIP codes, but he has financial problems more commonly found on the factory floor, not the boardroom.
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Chrysler LLC dealers are expecting to learn their individual fates by Thursday as the automaker chooses which dealerships will be part of a new and leaner company that emerges from bankruptcy.
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Chrysler LLC Vice Chairman and President Jim Press said the automaker is in talks with other possible partners if the U.S. Treasury Department rejects a tie-up with Fiat SpA, and defended the proposed alliance saying it would help preserve U.S. jobs.
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