GM, Chrylser to get $7 billion more in bailout funds[SIZE=-1]It looks like General Motors and Chrysler will get more emergency funds from the federal government, even before the struggling automakers submit their restructuring plans.
GM will get $4 billion and Chrysler will get $3 billion--that's on top of the $9.4 billion and $4 billion each has already collected, MSNBC is reporting.
More from MSNBC:
Both GM and Chrysler LLC will pick up the second installment of their loans Tuesday, even as the Treasury Department begins to review the two automakers' restructuring plans, also to be submitted Tuesday. The plans are supposed to outline how they intend to again become viable and repay the government loans. They are expected to be filed with the U.S. Treasury Department between 4 p.m. and 7 p.m. ET.
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