March 19 (Bloomberg) -- Chrysler LLC, seeking $5 billion in additional U.S. loans, is in a better position to deal with the recession and is a safer investment for taxpayers than General Motors Corp., said Ron Kolka, chief financial officer.
With a March 31 deadline to complete restructuring efforts or face liquidation, Chrysler is making the case to the public and to the government that it is worth saving. The third-largest U.S. automaker says it can earn a profit and repay its loans at a lower level of nationwide sales than Detroit-based GM, he said.
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