Chrysler paid off the debts |
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The company returned the borrowed funds to financial institutions the United States and Canada. Recall that the total loans amounted to 7.6 billion dollars. The U.S. government had paid 5.9 billion dollars and 1.7 billion Canadian dollars.
And since Chrysler has fulfilled all its obligations under previously granted credits, Italian concern Fiat, which owns shares of American companies, increased its share from 30 to 46%.
Recall that during the crisis of Chrysler was already virtually at death's door. "Payment of all government loans bring a very important milestone in this company," - said the head of Fiat, Sergio Marchionne, in a speech at one of Chrysler in Michigan (USA). In order to continue to receive an additional 5% of the shares of the U.S. government concern Fiat should begin to realize 90% of Chrysler vehicles in Europe through its own dealers. The Italians also have to pay "compensation" of Chrysler for the use of its technologies. |
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