Chrysler set to repay $7.5 bln U.S., Canada loans

Newswire

* Cheaper debt from Wall St to save company $300 mln/year * Automaker had until 2017 to repay government debt * Repayment could make Chrysler more attractive in an IPO DETROIT, May 24 (Reuters) - Chrysler Group LLC was set on Tuesday to repay $7.5 billion in U.S. and Canadian government loans from its 2009 federal bailout, a move that will allow the U.S. automaker to distance itself from an unpopular bailout and deepen its ties with Italian automaker Fiat SpA . Under the original ...

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