Posts Tagged ‘Chrysler’
Chrysler Paid Its Billion State Debt
When the crisis seriously threatens the big three U.S. automakers, namely General Motors , Ford and Chrysler , had to resort to a bailout with government money. The only company that does not accept the State aid was Ford , determined to endure the situation from its own resources, but the other two gladly welcomed the measure.
This time, he blew his turn to Chrysler to pay back the loan in full. Owed to the government a whopping yankee 5,900 million dollars, and 1,600 million Canadian dollars.
In total, the amount totaled 7,500 million dollars, approximately 5,300 million euros. Paying all of a tug ³ n, avoid the tremendous interest of 300 million annually. This sum is used to avoid bankruptcy, and the goal has been met happily. Chrysler already reaping economic benefits.
The giant Fiat was also a savior of the group, and his reward is more than juicy. Of a few are increasing their participations, and are starting to reach 46% to 86%, which will be practically the owners of Chrysler .