Chrysler to receive US$4 bn loan
03-01-2009
The US Treasury has finalized a US$4 billion loan to cash-strapped carmaker Chrysler. The comnpany's chairman and CEO Bob Nardelli said the loan would help Chrysler "bridge the current financial crisis". The loan is part of a major rescue package the US government approved in December for General Motors and Chrysler to stave off collapse amid tight credit and dismal sales.
