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Chrysler receives promised $4 billion loan

AUBURN HILLS, Mich., Jan. 3 (UPI) -- Chrysler LLC says it has received the $4 billion that the U.S. Treasury agreed to loan the struggling U.S. automaker in December.

In a statement issued Friday by Chrysler Chairman and CEO Bob Nardelli said he appreciates the Treasury Department's confidence in Chrysler, the Detroit Free Press reported.

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"This initial loan will allow the company to continue an orderly restructuring, while pursuing our vision to build the fuel-efficient, high-quality cars and trucks people want to buy, will enjoy driving and will want to buy again," Nardelli said.

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