Chrysler continue to find US energy loans
Chrysler Group LLC will carry on look for loans from the U.S. Energy Department while the stoppage of companies that have borrowed from government programs may extend the process, the chief executive officer said. I’m not ready to give up,” Sergio Marchionne, CEO of Chrysler, told reporters yesterday at the National Automobile Dealers Association convention in Las Vegas. “The department has not indicated a reluctance to let somebody use.”
Chrysler, majority owned by Fiat SpA (F), continues to hold talks with the U.S. about the program, which encourages production of fuel-efficient vehicles, Marchionne said. He repeated that the quantity that Auburn, Hills, Michigan-based Chrysler may be able to make use of has been concentrated to less than the $3.5 billion the company necessary last year.
The due carefulness process that they have inside the Department of Energy is one which is reflective of a series of concerns, part of which are maybe attributable to recent events and some of the deals they’ve done.
