UPDATE 1-Chrysler loan payoff could save it $300 mln/yr-CEO

Newswire

* Chrysler plans to pay off US govt loans on Tuesday * Payoff will raise Fiat's stake in Chrysler to 46 pct * Marchionne sees Fiat stake rising to 76 pct "over time" (Adds quotes, background) By Ben Klayman MACOMB, Mich., May 23 (Reuters) - Chrysler Group LLC is set to pay off its government loans on Tuesday, saving it more than $300 million a year in interest payments and allowing Fiat to raise its stake in the U.S. automaker to 46 percent, its CEO said. The move aims to put ...

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