Showing posts with label chrysler fiat advance. Show all posts
Showing posts with label chrysler fiat advance. 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).