GM, Chrysler to get $5.5B more in government loans
11:46 AM Tue, Apr 21, 2009 | Permalink
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DETROIT -- General Motors could get as much as $5 billion more in federal loans, while Chrysler LLC could get $500 million as they race against government-imposed deadlines to restructure, according to a government report filed Tuesday and reported by The Associated Press. The quarterly report by a special inspector general on the auto industry and bank bailout programs says the money will be made available for working capital. GM has until June 1 to complete restructuring plans that satisfy the government's auto task force, while Chrysler has until April 30. 
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