Chrysler says it will repay U.S. rescue loans by midyear

Chrysler is expected to announce on Thursday its refinancing package for bankruptcy-related loans from the U.S. and Canadian governments amounting to $6.6 billion, a source told The Associated Press. According to Bloomberg News, these loans have effective interest rates that can go as high as 20%,
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internationalmanofmystery - 4/29/2011 9:01:05 AM

+1 Boost

(clap hands) Good on ya, mate!!

topneuro - 4/29/2011 4:46:24 PM

+1 Boost

The Chrysler 1979 goverment loan (1.5 billion) was paid in full by 1983.
The US Treasury profited $350 million.
Is the US Treasury doing better now?