Tag Archives: Chrysler

Are we out of the car business?

And more importantly, are we still communists?

Chrysler celebrates after repaying government loans

It’s official. Chrysler Group LLC today confirmed the wire transfers have gone through, and the automaker has repaid loans from the U.S. and Canadian governments.

The automaker has repaid $5.1 billion in loans, as well as $1.8 billion in interest and other fees, releasing Chrysler from all monetary commitments to the governments less than two years after the bailouts kept them in business.