Chrysler asks for more funds from the US Federal government

To finance its arm, Chrysler has asked for more funds from the US Federal government, claiming that it can boost sales up to 20 percent if it can offer buyer credit. The US Treasury has already loaned Chrysler Financial $1.5 billion last January. It was not specified how much more financial aid Chrysler is asking for this time.

The record shows that there were 29,000 deals in February and 8,000 last month financed by the carmaker. Chrysler, however, succeeded in selling only 84,050 units in the US last month, the fourth month in succession that demand went down in excess of 40 percent year-on-year.
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CarCrazedinCali - 3/19/2009 1:19:27 PM

0 Boost

F Them!

TexLandRover - 3/20/2009 7:12:22 PM

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Totally BS with giving these A-holes any tax dollars!!! WTF is the plan? Just throwing good money away and not a God -- D**N thing to show for it. How many F******G cars does 5 billion $$$ buy? Does everyone in Montana get a "free" F******G Chrysler?

CarCrazedinCali - 3/23/2009 5:17:59 PM

+1 Boost

LET THEM DROWN IN THEIR OWN CRAP THEY CREATED