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Chrysler Seeks Investors

Chrysler Group LLC has tapped four banks to lead its effort to refinance $7.1 billion in government loans, per a source. The automaker plans to send top brass on the road possibly next month to lure investors to buy its debt with a goal to complete the debt offering by June. The company wants to talk to smaller hedge funds and equity investment firms with money who may not know about Chrysler's post-bankruptcy progress and its five-year business plan.

Read the whole story at The Detroit News »

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