Monday, May 23, 2011

Chrysler Group LLC. To Pay Back Government Loans Today

Chrysler Group is expected to pay back it's US and Canadian Government Loans today. 

In a massive turn around in fortunes Chrysler will be repaying the $7.5 billion in loans with interest 6 years ahead of schedule. It is also expected that Fiat will increase its share of Chrysler by a further 16 percent stake with a further $1.27 billion cash injection of funds.
Things are certainly looking good for the future.

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