{"id":9071,"date":"2008-11-07T00:00:00","date_gmt":"2008-11-07T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"chrysler-cash-drains-away-as-crisis-deepens","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2008\/chrysler-cash-drains-away-as-crisis-deepens.html","title":{"rendered":"Chrysler cash drains away as crisis deepens"},"content":{"rendered":"<p><span class=\"yshortcuts\">Reuters &#8211; Chrysler LLC<\/span> is rapidly burning through cash and being driven to prepare for a possible break-up if it can&#8217;t clinch a merger with <span class=\"yshortcuts\">General Motors Corp<\/span> or get government funding needed to ride out the economic crisis, people with knowledge of the situation said.                         <\/p>\n<p> Without new funding or a wrenching restructuring, executives have raised concern about the automaker&#8217;s ability to finance its operations from existing cash beyond the first half of 2009, said the sources, who were not authorized to discuss Chrysler&#8217;s performance.<\/p>\n<p> Chrysler has had to pay out over $<span class=\"yshortcuts\">100 million a month<\/span> to support strained suppliers on top of a total $200 million support to sales through dealers in August and September as it suspended <span class=\"yshortcuts\">vehicle lease<\/span> financing, the sources said.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/us.rd.yahoo.com\/dailynews\/rss\/business\/*http:\/\/news.yahoo.com\/s\/nm\/20081107\/bs_nm\/us_chrysler\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Chrysler LLC is rapidly burning through cash and being driven to prepare for a possible break-up if it can&#8217;t clinch a merger with General Motors Corp or get government funding needed to ride out the economic crisis, people [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3455,2796,3057,3612,309,1420,117,531,2030,1804],"class_list":["post-9071","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-client-expectations","tag-dealer-operations","tag-divestitures","tag-dphiq-pk","tag-farmland","tag-foreign-markets","tag-investment-arm","tag-setback","tag-tata-motors","tag-westwood"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9071"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9071\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}