US: Chrysler repays US$7.6bn of govt loans

Chrysler has confirmed the repayment of US$7.6bn in outstanding US and Canadian government loans following the completion of the company's new refinancing transactions. The company made payments of US$5.9bn to the US Treasury and US$1.7bn to Export Development Canada (EDC), the holding company through which the Canadian federal and Ontario provincial Subscribe to Automotive World … Continued

• By Webmaster
• May 25, 2011