Marchionne: New Chrysler Burning Less Cash, But Taxpayers Remain in Dark
Chrysler Group LLC CEO Sergio Marchionne tells Bloomberg News that the company is burning less of its valuable and limited cash than it was a few months ago, but he doesn’t say how much less. Chrysler is not publicly listed, so Marchionne says he doesn’t have to get into specifics. Chrysler went through $9.6 billion in cash in 2008. The automaker reorganized around what it considered its best assets in Chapter 11 …
David Kiley
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