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government loan

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    Chrysler announces plan to repay government loans
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    Remember a few months back when Chrysler/Fiat CEO Sergio Marchionne complained about the terms of the loans received from the government? "Shyster loans" is what he deemed them, a term for which he later had to apologize. But the answer was clear: if Marchionne and his compatriots don't like the ...

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    Report: Marchionne apologizes for refering to gov't bailout as 'shyster loans'
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    We've all been there: uttering words you almost immediately regret. You feel like an absolute idiot. But the next time that kind of situation comes up – and come up it will – know that you're not alone. Because Sergio Marchionne has had a bit of backtracking to do himself. The ...

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    Deutsche Bank analyst says GM may still consider Chapter 11
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    GM was able to avoid bankruptcy court when it received billions in government loans, but Deutsche Bank automotive analyst Rod Lache feels GM will have a tough time getting concessions from bondholders, making bankruptcy far move likely. GM's deal with the government includes a stipulation that ...

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    GMAC opens up financing after $5 billion fed loan
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    GMAC is officially opening up lending to buyers with credit scores of 621 or higher after a $5 billion investment from the federal government. A credit score of 621 is considered by some lenders to be the Mendoza line that separates good borrowers from the subprime. The financing arm of General ...

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    Jaguar/Land Rover asking UK gov't for money
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    Jaguar and Land Rover are having a Hell of a time trying to sell luxury vehicles in this armpit of a global economy, and parent company Tata Motors is looking for a big-time loan to keep the British Marquees afloat. In all, Tata is seeking £1 billion from the British government to to help pay ...

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