Canada ready to give Chrysler short-term aid -paper

Newswire

(In U.S. dollars unless noted) TORONTO, March 30 (Reuters) - Ottawa is prepared to provide immediate short-term bridge financing to Chrysler [CBS.UL] to keep its Canadian operations running, the Globe and Mail newspaper said on Monday, citing an unnamed government source. The Canadian divisions of Chrysler and General Motors are seeking up to C$10 billion ($8 billion) in loans from Ottawa and the province of Ontario. The companies have already received $17.4 billion in U.S. government ...

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