Description
Chrysler's first loans came in mid-December of 2008, when Treasury Secretary Hank Paulson stepped in to rescue GM and Chrysler.
On April 30, 2009, Chrysler filed for Chapter 11 bankruptcy protection. As part of the restructuring of the company, the Treasury Department agreed to lend Chrysler up to $8 billion more and take an eight percent stake in the company. Chrysler finalized its alliance with Fiat and emerged from bankruptcy protection on June 10.
Much of the approximately $7 billion in government aid provided before and during bankruptcy will not be repaid.
You can see the full tally of the auto industry bailout here.
Note: Although the Treasury initially committed about $15.2 billion to Chrysler, the amounts here reflect later adjustments to those commitments. For more details, see the Congressional Oversight Panel's report on the auto bailout.
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