Chrysler Group to Repay $7.5 Billion of Government Loans by the End of June

In order to pave the way for Fiat to reach 51 percent ownership of the Chrysler Group, the Auburn Hills-based automaker announced today that it intends to repay in full the loans provided by the U.S. and Canadian governments back in 2009 ($7.53 billion in total). The Chrysler Group said it plans to complete the repayment during the second quarter of 2011 (ending in June). The company will use