Automotive News reports that GM has received the first installment of bailout funds from the Treasury, but Chrysler is still finalizing their paperwork to receive those funds:
 

General Motors on Wednesday received the first $4 billion in emergency loans that the federal government has promised the automaker.

Both GM and Chrysler had been scheduled to receive on Monday, Dec. 29, $4 billion from a total of $17.4 billion in federal loans the Bush administration offered to extend after the companies warned they are close to running out of cash…

Chrysler said it remained in talks with the U.S. Treasury to finalize its own $4 billion loan agreement and expected to receive its share of the funding soon.

“The discussions relating to Chrysler LLC have been positive and productive and we look forward to finalizing the details of our financial assistance in the immediate future,” Chrysler spokeswoman Shawn Morgan said in a statement.

The two companies are slated to receive a total of $17.4 billion in funds from the TARP program in the next couple months.