Tag: Chrysler

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Business

Bankruptcy expert named Detroit emergency manager

NEW EMERGENCY MANAGER–Michigan Gov. Rick Snyder announced March 14, that Kevyn Orr, a bankruptcy expert who represented automaker Chrysler LLC during its successful restructuring, has been named Detroit’s emergency manager. (AP Photo/Courtesy Jones Day) by Corey Williams Associated Press Writer DETROIT (AP) — A bankruptcy expert who represented Chrysler during its successful restructuring has been chosen to steer Detroit out of the financial abyss that has swallowed the distressed city, which was once one of the nation’s most prosperous.