Treasury Sells The Rest Of Its Chrysler Stake To Fiat

Source: Aaron Smith / CNN Money New York – The U.S. Treasury said it has agreed to sell its last remaining stake of Chrysler Group LLC to the Italian automaker Fiat, wrapping up the 2009 bailout. The Treasury said Thursday that it will sell its 6% stake, of 98,461 shares, to Fiat for $500 million. While the repayment closes the book on the bailout, taxpayers are still about $1.4 billion short of recouping all the money given to Chrysler in [...]