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Archive Home > 2011 > May > 25 > Chrysler pays back bailout loans from U.S. and Canada

Chrysler pays back bailout loans from U.S. and Canada

By Bill Vlasic / The Bulletin
May 25, 2011

DETROIT — Chrysler paid back $7.6 billion in loans from the U.S. and Canadian governments on Tuesday, paving the way for its Italian partner, Fiat, to increase its control over the Detroit carmaker.

The repayment of loans and interest owed to the U.S. Treasury and Export Development Canada is a....

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