Chrysler Repays US and Canadian Goverment Loans in Full 6 years ahead of schedule.
Published Thursday, 26 May, 2011 by Randy Massey. Categories: News.
Chrysler Group LLC Completes Refinancing and Repays
U.S. and Canadian Government Loans in Full
.
More than six years ahead of schedule, Chrysler Group fulfills
promise to taxpayers and repays original government loans
totaling $6.7 billion, in addition to $1.8 billion of interest and
other consideration
.
Intervention by U.S. and Canadian governments and strategic
alliance with Fiat leads to 16 all-new or significantly refreshed
vehicles currently in dealerships; more than $3 billion in facility
upgrades; and increased employment with the hiring of 6,000
Chrysler Group employees
.
Company's return to profitability and double-digit worldwide
sales increases…