Canada says bankruptcy for GM, Chrysler possible


OTTAWA, March 30 (Reuters) - The Canadian government said on Monday it has to consider the possibility of a court supervised restructuring for the Canadian arms of General Motors Corp and Chrysler LLC. Ottawa said on Monday it will offer short-term bridge loans of C$4 billion ($3.6 billion) to the struggling automakers while they work on new restructuring plans needed to qualify for long-term government support in both Canada and the United States. ($1=$1.26 Canadian) (Reporting by ...

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