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Chrysler Quiet on Gov’t Liquidity

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Chrysler (Fiat:FIA) slipped out some massaged messages on its liquidity. In the headline bullets Chrysler reported flat-out they have $10 Billion of liquidity. Its only later deep in the earnings release that investors realize that liquidity from the market place is only $7.4 Billion. The remaining $2.6 Billion is a reliance on government support from the US Treasury, Canada and Ontario. Not a peep about when they will stop relying on the support and actually cut the apron strings. Not a peep about the terms of market place liquidity. How much of it is truly co-dependent? You know how brave lenders can be.

Disclosure: No position in any stocks mentioned in this post.