bobbyw24
07-21-2011, 02:29 PM
NEW YORK (CNNMoney) -- U.S. taxpayers likely lost $1.3 billion in the government bailout of Chrysler, the Treasury Department announced Thursday.
The government recently sold its remaining 6% stake in the company to Italian automaker Fiat, wrapping up the 2009 auto bailouts that were part of TARP.
Even though that means $1.3 billion will not be recovered from the bankrupt Old Chrysler, the Treasury called it a "major accomplishment."
http://money.cnn.com/2011/07/21/autos/chrysler_government_exit/index.htm?cnn=yes&hpt=hp_t2
The government recently sold its remaining 6% stake in the company to Italian automaker Fiat, wrapping up the 2009 auto bailouts that were part of TARP.
Even though that means $1.3 billion will not be recovered from the bankrupt Old Chrysler, the Treasury called it a "major accomplishment."
http://money.cnn.com/2011/07/21/autos/chrysler_government_exit/index.htm?cnn=yes&hpt=hp_t2