The chief executive officer of Chrysler and Fiat CEO Sergio Marchionne announced in an official statement that the U.S. group has fully paid the debt of $ 5.9 million with the Government of the United States and 1.7 million with the Canadian, also Marchionne made it clear that the loan was returned after only two years of the request and with six years ahead of the deadlines.
Thanks also to the U.S. and Canadian governments have given Chrysler a "second chance" and an "act of faith" who made it possible to get these amazing results. In addition, debt payments have allowed the government to the House of Auburn Hills to save more than $ 300 million a year in interest that will allow Fiat SpA to increase its stake in U.S.
group. The data reported by Marchionne speak of a "dramatic recovery" that has enabled the American manufacturer to overturn the very time his own destiny, healing the accounts first and then returning immediately to make a profit, thanks to a renewed product line and all ' commitment of all men who work as farm laborers, employees, distributors, suppliers and unions.
Fiat has now arrived to hold a major share of 46%, closer to the ultimate objective of an absolute majority of 51%, which should happen by the end of 2011. Over time, the figure could rise even up to 76%, thanks in part to the acquisition of the shares of United Auto Workers union, also known as a VEBA.
This strategy aims to put Chrysler on more solid financial ground and at the same time to integrate more and more industrial production with Fiat, two things that would make Chrysler more attractive to a future public offering that could come next year, or even the end of the cave 2011.
For now, the signals seem to be more than good, also the news of the debt adjustment made to "fly" the actions of the Chrysler stock on Wall Street. The result also receives great compliments from the White House through spokesman Jay Carney said: "It 'a milestone and a sign that the auto industry is recovering." Carney also notes that the announcement comes six years ahead of schedule and only two years after the release by the subsidiary, "These events will allow Chrysler to build on their progress and continue to grow while the economy resumed.
" 
Thanks also to the U.S. and Canadian governments have given Chrysler a "second chance" and an "act of faith" who made it possible to get these amazing results. In addition, debt payments have allowed the government to the House of Auburn Hills to save more than $ 300 million a year in interest that will allow Fiat SpA to increase its stake in U.S.
group. The data reported by Marchionne speak of a "dramatic recovery" that has enabled the American manufacturer to overturn the very time his own destiny, healing the accounts first and then returning immediately to make a profit, thanks to a renewed product line and all ' commitment of all men who work as farm laborers, employees, distributors, suppliers and unions.
Fiat has now arrived to hold a major share of 46%, closer to the ultimate objective of an absolute majority of 51%, which should happen by the end of 2011. Over time, the figure could rise even up to 76%, thanks in part to the acquisition of the shares of United Auto Workers union, also known as a VEBA.
This strategy aims to put Chrysler on more solid financial ground and at the same time to integrate more and more industrial production with Fiat, two things that would make Chrysler more attractive to a future public offering that could come next year, or even the end of the cave 2011.
For now, the signals seem to be more than good, also the news of the debt adjustment made to "fly" the actions of the Chrysler stock on Wall Street. The result also receives great compliments from the White House through spokesman Jay Carney said: "It 'a milestone and a sign that the auto industry is recovering." Carney also notes that the announcement comes six years ahead of schedule and only two years after the release by the subsidiary, "These events will allow Chrysler to build on their progress and continue to grow while the economy resumed.
"
- Chrysler Repays Governments as Fiat Increases Stake to 46% (24/05/2011)
- Breaking: Chrysler repays the rest of its federal loans... are SUVs to thank? (24/05/2011)
- Chrysler Repays $7.6B in Government Loans (24/05/2011)
- Chrysler to pay back U.S., Canada today (24/05/2011)
- "Chrysler Set To Repay Billions Of Dollars In Loans" and related posts (24/05/2011)
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