Chrysler: Gov't loans could head off deeper cost cuts

Newswire

By Kevin Krolicki AUBURN HILLS, Mich., Sept 23 (Reuters) - Chrysler LLC Chief Executive Bob Nardelli said on Tuesday that without a low-cost government loan package, the automaker would be forced to cut costs more deeply to free up funds for electric car technology. Chrysler [CBS.UL] also said it planned to bring an electric vehicle to market by 2010, about the same time when General Motors Corp rolls out its all-electric Chevy Volt plug-in car. The automaker showed off the prototypes ...

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