Image Image Image Image Image Image Image Image Image Image

AutoBlog Canada | April 25, 2014

Scroll to top

Top

No Comments

Chrysler Repays Canadian Bailout Loans

Chrysler Repays Canadian Bailout Loans
Geoff bradley
  • On 26.5.11

Chrysler has taken a big step toward a full post-bailout recovery having now officially paid back U.S. and Canadian governments for their 2009 loans. The Canadian portion was worth $1.7 Billion and shared between federal and Ontario provincial monies.

Now the focus turns to Fiat and a potential stock IPO for Chrysler. Fiat will likely need to increase their ownership stake significantly beyond the current 46% threshold, and such a move would position Chrysler to make an attractive return to Wall Street in the future.

Manufacturer: Chrysler Canada
Catch the latest automotive news updated 24/7 at AutoBlog.ca/Reader

Submit a Comment