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(RTTNews) -  cline, although it was slightly worse than the 0.1% decline in April.

The unemployment rate in Japan was a seasonally adjusted 4.0% in May, according to data released by the Ministry of Internal Affairs and Communications. The rate of joblessness was the same as in the previous month, and it was in line with analyst expectations. The total number of unemployed persons showed an annual increase for the second consecutive month, rising to 2.7 million in May from 120,000 last year. The job to applicant ratio came in exactly as forecast at 0.92, down from 0.93 in the previous month.

Core... // RTT News

Chrysler made use of a $2 billion credit line that was a condition of its sale last year from Daimler to Cerberus Capital Management , Daimler said on Tuesday.

Chrysler is scrambling to respond to a strong customer shift away from pickup trucks and sport utility vehicles, which make up the majority of the companys product portfolio, to more fuel-efficient vehicles. Chrysler also has a relatively high reliance on the American market, which accounts for 90 percent of its sales.

The credit line had been established in August 2007 when the former DaimlerChrysler untied its nine-year partnership with Chrysler by selling an 80.1 percent stake in the company to Cerberus. Chrysler had an option to use the loan within a year. Daimler will provide $1.5 billion of the loan, with the rest comling... // New York Times

Chrysler tapped a $2bn credit line from its owners, Cerberus Capital Management and Daimler, to bolster the auto makers liquidity amid a painful downturn in US sales that is stretching its resources, reports the WSJ. The move, which had been expected, comes as Chrysler enters perhaps its toughest stretch since Cerberus bought a majority stake in August 2007. The drawing of the $2bn loan was required as part of the agreement Cerberus and Daimler... // FT Alphaville

(Adds details on the loan starting in third paragraph, comment from Chrysler spokeswoman in fourth paragraph and updated share prices.)

By Jeff Bennett and Josee Valcourt

DETROIT -(Dow Jones)- Chrysler LLC, facing liquidity pressures amid a steep decline in the U.S. automotive market and rising commodity costs, tapped a $2 billion credit line made available as part of its sale last year from Daimler AG (DAI) to Cerberus Capital Management LP.

The move comes as Chrysler scrambles to respond to a dramatic customer shift amid record-high fuel prices away from pickup trucks and sport-utility vehicles, which make up the majority of the company's product portfolio. Chrysler is also stung, more so than its main competitors, as a result of its relatively high reliance on the U.S. market,... // CNNMoney.com