Showing posts with label 46 fiat fiat chrysler chrysler chrysler fiat debt. Show all posts
Showing posts with label 46 fiat fiat chrysler chrysler chrysler fiat debt. Show all posts

Thursday, April 28, 2011

Chrysler: Government loans will soon be returned

Sergio Marchionne, Fiat to, hit the accelerator for the acquisition of a majority in Chrysler: the official announcement comes on top of steps to refinance 7.5 billion dollars in debt (about 5.1 billion €) to U.S. and Canadian governments. Analysts will be 1.2 billion cash from Fiat, but 6.3 will be returned through loan (amount of money which is allowed to use for a specified period of time after which this amount will be returned to the supplier together the transaction cost, usually paid in the form of interest).