NEW YORK -- The
Wall Street Journal has reported that the U.S. Treasury Dept. has scaled back its final loan to Chrysler by about $300 million.
The Treasury Dept. originally said it would loan Chrysler an additional $6.6 billion in conjunction with its emergence from bankruptcy and subsequent merger last week with Fiat Group.
The automaker received billions in bailout funds from the government both before and after filing for Chapter 11. According to the
WSJ, some of the automakers unwanted assets, including plants scheduled to close, remain in bankruptcy court.
