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Chrysler Pays Back Government Loans

In an effort to eliminate high-interest debt and regain consumer confidence, Chrysler CEO Sergio Marchionne announced yesterday that Chrysler has repaid its $7.6 billion debt to the U.S. and Canadian governments. “The early repayment, about six years ahead of schedule, is expected to save Chrysler $300 million or more a year in interest charges,” Edmunds reports. Additionally, Fiat increased its stake in Chrysler by $1.27 billion, which increases its share of the automaker from 30 to 46 ... continue reading»

Tags: Industry News, Chrysler, FIAT, Model News

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