Chrysler CEO On Paying Back The Bailout
Chrysler CEO Sergio Marchionne sat down with CNN Money to talk about the automaker’s exit from dealings with the U.S. government, now that Fiat bought the last stake from the U.S. Treasury on Friday. As it stands, the government lost some $1.2 billion on the $12 billion loan, but Marchionne says it was a “phenomonal” deal for U.S. taxpayers. In addition, he insists that the company will be all-new in just a few years.
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