GM Canada seeks C$6 bln-C$7 billion from governments

Fri Feb 20, 2009 5:35pm EST
 
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TORONTO (Reuters) - General Motors Corp is seeking between C$6 billion ($4.8 billion) and C$7 billion from Canadian governments as part of its restructuring plan, the country's industry minister said on Friday.

Canadian Industry Minister Tony Clement also said that Chrysler LLC has indicated it is seeking a short-term loan of C$1 billion.

($1=$1.25 Canadian)

(Reporting by Jeffrey Hodgson; Editing by Peter Galloway)