resident Obama has just concluded a televised press conference where he announced that Chrysler will indeed head into Chapter 11 bankruptcy proceedings almost immediately. As part of the same announcement, he noted that the Auburn Hills automaker has reached terms with Fiat and will be headed into a partnership agreement that will include a cash infusion and technology transfers. By some estimates, the restructuring is expected to take 30-to-60 days.

The announcement came after late-night talks with a small group of creditors broke off before a restructuring plan could be reached. During the conference, Obama took pains to note the sacrifice of many players, including some in the financial sector, but he openly chastized other hedge fund operators and speculators for holding out for more debt compensation, arguing that they were looking to make money on the taxpayer dollars.

Keeping an upbeat tone in his announcement, Obama also reassured Americans that they will be repaid in full before Fiat gets any stake in the automaker, and that GMAC has agreed to step in to provide loans for Chrysler vehicles. Canada is also pitching in to make it work, but the U.S. taxpayers will be on the hook for an additional $8 billion in aid. Obama also reiterated that the government will stand behind Chrysler and General Motors vehicle warranties, and he extolled Americans to purchase new vehicles from domestic automakers.

Finally, in related news, it is being reported that Chrysler CEO Bob Nardelli (whom Obama praised during the press conference) will exit the company after the bankruptcy filing is complete.

*UPDATE: A new Chrysler press release (posted after the jump) confirms that Nardelli will leave Chrysler after it emerges from bankruptcy:

He will return to Cerberus Capital Management LP as an advisor. "Now is an appropriate time to let others take the lead in the transformation of Chrysler with Fiat," said Nardelli. "I will work closely with all of our stakeholders to see that this new company swiftly emerges with a successful closing of the alliance."

The Detroit Bureau's Ken Zino has excellent analysis of the announcement here.

More details and analysis on the way...

GMAC LLC, creditorul ipotecar si auto salvat de la faliment in decembrie, a primit 7,5 miliarde dolari din partea Trezoreriei SUA pentru extinderea imprumuturilor acordate constructorului Chysler LLC, relateaza Bloomberg.

De asemenea, compania a primit pentru prima data acordul oficialilor pentru vanzarea de obligatiuni garantate de guvern.

Investitiile includ 4 miliarde dolari acordate GMAC pentru oferirea de imprumuturi cumparatorilor si vanzatorilor Chrysler, au anuntat oficialii Trezoreri intr-un comunicat preluat de NewsIn. Restul de 3,5 miliarde dolari vor ajuta la acoperirea deficitului de capital rezultat in urma testelor de stres la care GMAC, impreuna cu alte 18 mari institutii bancare din Statele Unite, a fost supus.

Dupa ce-a de-a doua injectie de capital, investitia guvernului in GMAC se ridica la 13,5 miliarde dolari. Chrysler a inaintat cerere pentru intrarea in faliment pe 30 aprilie, iar GM este probabil sa aiba aceeasi soarta pe 1 iunie.

"Pentru stabilizarea GM si Chrysler, guvernul trebuie mai intai sa salveze GMAC si furnizorii. Nu au alta optiune si ar putea fi nevoie de alte actiuni suplimentare in acest sens", a declarat un analist.

Contractul cu guvernul, anuntat in urma cu trei saptamani, include un acord pe patru ani pentru ca GMAC sa devina principalul finantator al Chrysler si sa ofere imprumuturi clientilor care au lucrat cu Chrysler Financial.

Testele de stres ale guvernului american au determinat ca GMAC are nevoie sa-si majoreze capitalul cu 11,5 miliarde dolari, pentru a face fata unor conditii si mai severe din punct de vedere economic.