WKOW 27: Madison, WI Breaking News, Weather and SportsThe cost of the Chrysler bailout

The cost of the Chrysler bailout

Posted:

WASHINGTON (WKOW) -- The Treasury Department says U.S. taxpayers likely lost $1.3 billion in the government bailout of Chrysler.

The U.S. exited its two-year investment in the automaker several years early, by selling its six percent remaining stake in the company.

General Motors has already repaid its bailout loans and Ford didn't take any federal money.

 

Powered by WorldNow
All content © Copyright 2000 - 2012 WorldNow and WKOW. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.