No Worries? US Exits Ownership Of Chrysler With Taxpayers Losing "Only" $1.3 Billion

It's official Italian automaker Fiat SpA is now the majority owner of Chrysler Group LLC - with a 53.5 percent majority stake - as both the U.S. and Canadian governments exited the automaker.

The U.S. Treasury completed the sale of its 6 percent stake in Chrysler to Fiat for $500 million. Fiat also acquired a 1.5 percent stake from the Canadian government for $125 million, Chrysler said in a filing today.

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internationalmanofmystery - 7/22/2011 11:26:28 AM

-2 Boost

"US Exits Ownership Of Chrysler With Taxpayers Losing "Only" $1.3 Billion"

And the threats of a Communist dictator are now abated?? And as for the cash, more "fell" off the pallets in Iraq!! I think some of it went for the new marble floors in the recently moved corporate offices in Dubai of The CG and HB!

CarCrazedinCali - 7/22/2011 11:57:18 AM

+3 Boost

Great job lawmakers!!! Way to waste our hard earned tax dollars

HSCenterconsole - 7/22/2011 1:44:41 PM

+3 Boost

It's not THEIR money, so why would the Democrats care?

MercBasher - 7/22/2011 12:01:41 PM

+5 Boost

Why wasn't something structured that would acting have given the tax payers a profit?

uaw_lax - 7/23/2011 1:14:03 AM

-2 Boost

"No Worries? US Exits Ownership Of Chrysler With Taxpayers Losing "Only" $1.3 Billion" A very short sited tittle indeed. Much expected from a republican. Currently Chrysler and its employes are around still adding revenue to our tax base like they have been for decades it would be stupid to just have let them blow away in the wind then you would have 300,000 jobs lost and those people on unemployment.

tango - 7/24/2011 2:15:46 PM

+1 Boost

It's really funny to see the reaction of you idiots to all this. Why shouldn't you be upset that the US taxpayers lost $1.3 billion to Chrysler? Why should it matter that your $1.3 billion saved some jobs and an entire section of industry? Well-spent money would be the $1.3 billion PER WEEK being spent in some shit hole like Afghanistan promoting democracy and a terrorism-free world. And then, there's this communism shit. After all, it's true that Obama is a communist and it is after all illegal, isn't it? Isn't it? No? Oh...I thought it was, the way some of you flog it. You people are sick, you know that. Sick.

uaw_lax - 7/25/2011 8:20:40 AM

+1 Boost

dont worry tango in 20 more years with Americans being as short sited as this Mexico will be looking like a good place to live after the republicans destroy this nation.