On January 2, 2009, Chrysler received US$4 billion federal loan. According to the terms of the loan, Chrysler had to submit a restructuring plan by February 17, 2009, for achieving long-term viability of its operations. On February 17, 2009, Chrysler submitted the restructuring plan to the U.S. Treasury and the U.S. Auto Task Force. (See Exhibit 2A and 2B for Chrysler's restructuring plan.) In the plan, Chrysler made a request for an additional federal loan. The Company said that, due to the worsening demand for its cars andtruoks, it required a total of US$9 billion including the US$4 billion it had already received. The company wanted the loan by March 31, 2009, to continue with its operations, Commenting on Chrysler's request for an additional federal loan, Nardelli said, " We believe the requested working capital loan is the least-costly alternative and will help provide an important stimulus to the U.S. economy and deliver positive results for American taxpayers.