May 1, 2009 Broadside: Chrysler's odds of survival Play video

(NECN) - What's in the future for the workers who make Chrysler cars? Their company still has one last chance to survive, but for now, plants are closing. It could be a long wait.

One reason Chrysler workers cling to hope is the fact that they are not alone. President Obama and Italian automaker Fiat are leaning on Chrysler's creditors to agree to terms that would make bankruptcy end quickly.

Peter Cohan, of Peter S. Cohan & Associates joins Chet Curtis to discuss the odds of survival for Chrysler. Cohan teaches management at Babson College and is the author of the book "You can't order change", looking at stories of executive success and failure.