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Saturday February 18, 2012

Chrysler withdraws US loan application

WASHINGTON: Chrysler on Thursday withdrew an application for a US government loan worth more than US$3bil to help it make cars and trucks that are more fuel efficient.

The automaker said in a statement it was confident in its ability to adopt new technologies and make competitive products without new government assistance.

“The decision will not impact Chrysler's ability to achieve its previously announced business plan targets,” the company said. - Reuters

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