Canada re-extends bridge loans to Chrysler, GM

Newswire

OTTAWA, March 30 (Reuters) - Canada is re-extending up to C$4 billion in bridge loans to the domestic units of General Motors Corp and Chrysler LLC to keep them in operation until they present new restructuring plans, officials said on Monday. "They will be available to ensure their continued operations in Canada while they do this additional work and will be available to the companies as soon as they are required," a senior government official told reporters in a briefing. The federal ...

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