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Politics : Formerly About Advanced Micro Devices

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From: tejek3/31/2009 12:09:24 AM
   of 1577497
 
Canada Paints a Stark Picture of Chrysler

By IAN AUSTEN
Published: March 30, 2009

OTTAWA — In announcing an immediate loan of 250 million Canadian dollars, or $201 million, to Chrysler Canada on Monday, Tony Clement, the minister of industry for Canada, suggested that the company was on the verge of insolvency.

“Very clearly if the money had not been flowed today, they would not have been able to make payroll,” Mr. Clement told a news conference in Ottawa. “That was the stark choice we were faced with.”

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nytimes.com
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