Hey guys, I just heard the news found on edmunds.com:

DETROIT — The U.S. Treasury Department is directing Chrysler to prepare to file for Chapter 11 reorganization as early as next week, according to widespread media reports. But Chrysler issued a statement late Thursday that said, "We believe it's important to keep all options open."
"Chrysler will continue to work through the end of the month, based on the direction given by the Presidential Auto Task Force, to secure the support of the necessary stakeholders and reach a successful conclusion that the Administration and U.S. Treasury deem appropriate," said Chrysler in a statement.
Word of the Chapter 11 bankruptcy filing was first revealed in The New York Times, which quoted unnamed sources "with direct knowledge of the talks." Italian automaker Fiat reportedly could complete its alliance with Chrysler while the company is under bankruptcy protection.
Chrysler faces an April 30 deadline to draft a viable business plan supported by its creditors, the UAW and Fiat, the Italian automaker that is seeking a stake in Chrysler.
I don't know what that is, but I think this might hint us the brand's bankruptcy! I mean, what's going on, folks?