Canada asks for more about Chrysler turnaround

The Canadian government requires more details about how Chrysler would turn around its Canadian operations if Ottawa is to help bail out the company, Industry Minister Tony Clement said Sunday.

"If we're talking about Canadian taxpayer dollars, we do want to have some specifics about what exactly is going to be going on in Canada," Clement told broadcaster CTV's Question Period.

Chrysler was expected to submit a restructuring plan for its Canadian operations by a Friday deadline, but instead offered the same proposal previously handed to US officials, with a new cover letter.

Officials explained the company is focused on an "integrated" North America-wide restructuring and indicated to the government that it did not want to create a separate plan for its Canadian operations.

Chrysler has since submitted more documents to the government over the weekend, but Clement told CTV he still must know what product lines the company has in mind for its Ontario plants, among other details.

Chrysler is in negotiations with Ottawa for one billion dollars (800 million US) in aid, according to officials.

On Tuesday, Chrysler LLC said it needed another five billion dollars US in loans from Washington in order to survive a dramatic collapse in global auto sales.

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