Chrysler Gets their $4 Billion Loan

Date 2009/1/5 12:39:56 | Topic: Miscellaneous

From the official Chrysler blog...
Chrysler Chairman and CEO Bob Nardelli said on behalf of the leadership team, that he was pleased to report that the Company's discussions with the Treasury Department have been completed, and that today, Chrysler received an initial $4 billion loan to help bridge the current financial crisis.

"We recognize the magnitude of the effort by the Treasury Department to
complete the multiple financial arrangements and appreciate their
confidence in Chrysler. We would like to thank the many constituents who
worked with us to meet the loan requirements. This initial loan will allow
the Company to continue an orderly restructuring, while pursuing our vision
to build the fuel-efficient, high-quality cars and trucks people want to
buy, will enjoy driving and will want to buy again."

Is anyone else rolling their eyes at this quote?


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