Dodge Nitro Forum banner

1 - 1 of 1 Posts

·
Super Moderator
Joined
·
23,864 Posts
Discussion Starter #1
Chrysler Canada Asks for C$1 Billion in Aid, Globe and Mail Says



Nov. 20-- Chrysler Canada Inc. has asked the Canadian and Ontario governments for $1-billion ($797 million)in aid to help the survive the crisis in the auto market, the Globe and Mail reported, citing people familiar with the discussions.

The government so far hasn't given any indication of how it might respond to requests from Chrysler LLC, Ford Motor Co. and General Motors Corp. for emergency aid, the newspaper reported.

The three automaker's Canadian units have asked for loans, loan guarantees, or backing for short-term borrowings, the Globe said. GM Canada officials said earlier this week that Canada should make as much as C$3.5 billion in aid available, based upon the Canadian units' share of North American automotive output, the newspaper reported.


LINK:Bloomberg.com: Canada
 
1 - 1 of 1 Posts
Top