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Article: ECONOMY WATCH A DAILY DATA UPDATE ON KEY ECONOMIC REPORTS.(BUSINESS)
- Article from:
- The Wisconsin State Journal (Madison, WI)
- Article date:
- January 17, 2009
CopyrightCOPYRIGHT 2009 Capital Newspapers. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: State Journal staff, wire services
AUTO LOAN: The Treasury Department said Friday it will provide a $1.5 billion loan to Chrysler LLC's financing arm, and the automaker announced it will immediately use the money to offer zero percent financing on several models and expand lending to car buyers with less than ideal credit. The Treasury said the new aid is in addition to the $17.4 billion in loans earmarked for Chrysler and General Motors Corp. last month in an effort to buy time for the two companies to reorganize and ultimately return the domestic auto industry to profitability.
COMMODITIES REVIEW: Gold for February delivery rose $32.60 Friday ...
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