UPDATE 1-Chrysler repays $7.6 bln U.S., Canada loans

Newswire

* Cheaper debt from Wall St to save company $350 mln/year * Automaker had until 2017 to repay government debt DETROIT, May 24 (Reuters) - Chrysler Group LLC on Tuesday paid back $7.6 billion in U.S. and Canadian government loans from its 2009 federal bailout, a move that allows the U.S. automaker to distance itself from an unpopular bailout and deepen its ties with Italian automaker Fiat SpA. Chrysler said it had made payments of $5.9 billion to the U.S. Treasury and $1.7 billion to ...

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