NEW YORK (CNNMoney.com) -- Chrysler LLC will not be forced to shut down, according to a source familiar with the automaker's plans. But the embattled company may still wind up declaring bankruptcy.
"Chrysler will survive and avoid liquidation, whether that happens in or out of bankruptcy remains uncertain at this point," a source familiar with the negotiations between Chrysler and the federal government told CNNMoney.com
Those negotiations are expected to continue, possibly right up to the government-imposed deadline of midnight Thursday, according two senior officials in the Obama administration.
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