Chrysler, GM, Ford and Harley Davidson are already getting government help for their commercial paper needs:
Company: Chrysler LLC
Participation: Chrysler Financial was approved to participate in the
commercial paper program
Notes: n/a
Company: Ford Motor Co. (F)Participation: Ford Motor Credit tapped $4 billion in trades in asset-
backed commercial paper through Oct. 31, Chief Executive Alan Mulally said
in a conference call.
Notes: n/a
Company: GMAC Financial Services
Participation: Accessed $5 billion over two weeks to Nov. 5
Notes: GMAC is part-owned by General Motors Corp. (GM) and Cerberus Capital
Management LP.
Company: Harley-Davidson Inc. (HOG)Participation: Financial services unit accessed the facility Oct. 27,
didn’t provide details on amount used
Notes: The company said traditional commercial paper sources remain
available to the financing unit. “It’s an additional source of
diversification,” a spokesman said in a phone interview. The company
expects to continue using the facility.