Negotiations stall as Kenosha Chrysler nears midnight deadline
Chrysler employees in Kenosha did their part to try and avoid bankruptcy.
Local president Glenn Stark of the United Auto Workers said 89 percent of those who voted Wednesday favored a restructuring of their contract from 2007.
But the company might not able to avoid bankruptcy unless a deal is reached by midnight tonight to reduce Chrysler's secured debt of $6.9 billion. And media reports said the negotiations stalled early this morning.