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Published: December 3, 2008

Chrysler exec: Failure could spark depression

By JULIE HIRSCHFELD DAVIS - Associated Press Writer

WASHINGTON - A top executive of Chrysler LLC cautioned Wednesday that a carmaker collapse could send the economy spiraling into a depression, as the United Auto Workers union braced for contract concessions. Jim Press , Chrysler's vice chairman, said the U.S. automakers were "down to months left," as industry officials ratcheted up a fierce lobbying push to persuade Congress to approve as much as $34 billion in e...

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