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Adviser: 'Low likelihood' Chrysler will repay government loans

Published 05/04/2009, Associated Press

One of the top financial advisers overseeing Chrysler LLC’s restructuring testified in bankruptcy court today that there is a “low likelihood” that the automaker will be able pay back its billions of dollars in government loans. But Robert Manzo, an executive director with the restructuring group Capstone Advisory Group LLC, said he doesn’t view the government financing as “free money.”

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