UPDATE 2-GM gets $4 bln rescue loan, Chrysler on hold

Newswire

(Adds detail from Treasury statement and on disbursement of funds to GM; changes dateline; previous New York) DETROIT, Dec 31 (Reuters) - The U.S. government on Wednesday paid out the first $4 billion in emergency loans to support General Motors Corp but a parallel rescue payment for Chrysler LLC was on hold until the new year. Chrysler said it remained in talks with the U.S. Treasury to finalize its own $4 billion loan agreement and expected to receive its share of the funding soon. ...

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