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government loan

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    Chrysler announces plan to repay government loans

    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'

    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

    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

    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

    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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