Wednesday, February 18, 2009

Chrysler Needs $5 billion more

Chrysler LLC on Tuesday told the U.S. government it needs even more taxpayer money to survive. General Motors is expected to do the same. Acknowledging that industry conditions are worse than expected when it made the case in December for a government bailout, Chrysler requested an additional $5 billion in government loans.

It originally said it would need $3 billion more. The company had previously received $4 billion from the Treasury Department....

Read more Chrysler needs more cash...

Source: ap news

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