Chrysler: Please sir, we want some more

Less than a month after receiving the first $4 billion from the federal government’s bailout package for the auto industry, Chrysler has revealed that it needs an additional $3 billion to help close an alliance deal with Italy’s Fiat Group. Unlike General Motors, which has been allocated up to $9.4 billion in restructuring loans, Chrysler was only given $4 billion despite the claims that it needed at least $8 billion to completely reform its operations. The fact that the latest demand is to help facilitate an alliance with a foreign carmaker seeking to gain from the deal, lawmakers in Washington are wary to offer more money.