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Empresas y finanzas

Chrysler says expects Treasury funds in near future


    NEW YORK (Reuters) - Automaker Chrysler LLC said on Wednesday it has not yet received funds from the U.S. Treasury Department but it expects to receive these funds in the near future.

    "We do expect it in the short term," said Shawn Morgan, spokeswoman for Chrysler.

    "We do not have a definite timing," Morgan added.

    Earlier on Wednesday, the Treasury said it had disbursed $6 billion in funds to support automotive finance company GMAC LLC and a $1 billion loan to General Motors Corp .

    Chrysler and General Motors Corp received bailout funds from the Treasury earlier this month, on the condition that the automakers restructure with massive cuts in labor costs, and a two-thirds reduction in debt that involves convincing creditors to swap debt for equity.

    (Reporting by Elinor Comlay; Editing by Bernard Orr)