Detroit, Michigan - Ailing US carmaker Chrysler is confident of receiving a further 3 billion dollars in order to survive, the firm's head said Sunday at the North American International Auto Show in Detroit, Michigan.
Chief Executive Officer Robert Nardelli said he was confident the company would receive the second part of a 7-billion-dollar bail-out that is dependent on a restructuring of the third largest carmaker in the United States.
Chrysler received 4 billion dollars of government aid in January, which it used to pay employees and suppliers and to incentivize car dealers.
Nardelli said the company was not "hibernating" while it waited for a buy-out, Bloomberg News reported.