Chrysler Group Pays Back Government Loans, Prepares to Go Public

Bloomberg - May 23, 2011

Chrysler Group paid of $7.6 bil­lion in loans from the US, Cana­di­an, and Ontario gov­ern­ments, and Fiat increased its own­er­ship stake to 46% as the Ital­ian com­pa­ny plans to take Chrysler pub­lic. Chrysler retired the debt by issu­ing new debt and using mon­ey Fiat paid to increase its stake.