Chrysler Bankruptcy Judge Approves $4.5 Billion For Operations
AUBURN HILLS - Chrysler LLC announced that the U.S. Bankruptcy Court Wednesday gave interim approval to Chrysler for $4.1 billion of Debtor-In-Possession (DIP) financing, funded by the U.S. Treasury and Export Development Canada, and the use of $400 million of cash collateral, enabling the company to meet its working capital and general business needs going