Chrysler Financial secures $1.5b government loan

>> Tuesday, February 17, 2009

The U.S. Treasury Department announced on Friday that it has granted Chrysler Financial a $1.5 billion loan. The $1.5 billion is in addition to the $4 billion Chrysler LLC has already received, and will be used to extend financing to Chrysler buyers. Chrysler was seeking an additional $3 billion in loans, but the Michigan automaker [...]

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