Chrysler May Lose Hybrid Competitiveness Without U.S. Loan

(Updates with Energy Secretary’s comments starting in third paragraph. For more about the Detroit auto show, see SHOW <GO>.)

Jan. 10 (Bloomberg) -- Chrysler Group LLC risks losing ground against competitors in making hybrid and electric vehicles if it doesn’t receive the U.S. Energy Department loan it applied for, two automotive analysts said.

The agency’s decision on the automaker’s request for a $3.5 billion loan has probably been held up because of a change in ownership that gave Fiat SpA a majority stake last year, said U.S. Senator Debbie Stabenow, a Michigan Democrat who helped set up the loan program.

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