Chrysler Repays Debt to U.S. Government with New Loans, Clearing the Way for Fiat Takeover

Chrysler has just announced that earlier today, it repaid the entirety of the company’s outstanding loans to the U.S. and Canadian governments. The company made payments of $5.9 billion and $1.7 billion to the U.S. Treasury and to Export Development Canada, respectively, retiring the loans made to Chrysler during its bankruptcy in June 2009. This [...]

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