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Chrysler Financial gets $1.5B loan from bailout
The government says it will provide a $1.5 billion loan to the auto financing arm of Chrysler LLC.
The Treasury Department says the new aid will be in addition to a package of loans provided to both Chrysler and General Motors Corp. last month in an effort to buy time for the two companies to reorganize.
The $1.5 billion loan to Chrysler Financial comes after the government provided similar support to GMAC, the auto financing arm for General Motors.
The Treasury Department says the new aid will be in addition to a package of loans provided to both Chrysler and General Motors Corp. last month in an effort to buy time for the two companies to reorganize.
The $1.5 billion loan to Chrysler Financial comes after the government provided similar support to GMAC, the auto financing arm for General Motors.