Chrysler pays back $1.9B in gov't loans
The U.S. Treasury Department said in a written statement that the repayment "is significantly more than the Treasury expected to recover on this loan, and is greater than an independent valuation of the loan." In other words, Treasury wasn't exactly expecting a cash return on its investment. Chrysler plans to unload further good news when it officially reports its earnings. The automaker said in April that it expected to earn up to $200 million on revenue of $40-45 billion.
[Source: Market Watch | Image: Bill Pugliano/Getty]
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models