Alternate Route

Mar 16, 2009 - Which Is It?

Same story, two different takes.

On CNNMoney.com it says:

DETROIT -(Dow Jones)- Chrysler LLC won't need additional federal funding to run its operations if it succeeds in securing $5 billion in low-interest loans by the end of the month.

The $5 billion will help Chrysler work through the crucial July shutdown period when U.S. auto makers traditionally idle their plants for up to two weeks to retool their factories, a company spokeswoman said.

Sounds like good news, right? I guess that depends where you read about it. Over on the Associated Press we have this take:

DETROIT (AP)- Even if Chrysler LLC gets additional government loans, it could face another cash shortage in July when revenue dries up as the company shuts down its factories for two weeks to change from one model year to the next, its chief financial officer said.

The talk about the economy has seemed to turn a corner away from all-gloom-all-the-time lately and the stock market and news about the automakers have been a lot better as well. Kind of makes you wonder if the mess would be a little less stressful had some not spent the last two years or so talking things down.

3:11 am | Categories: automotive news, chrysler Permalink | Alert Administrator

Add to: