Chrysler Set To Pay Governments Back!
Apparently Chrysler has raised enough money to pay back both the U.S. Government as well as the Canadian Government. The total debt owed is 7.5 billion dollars. This means that Chrysler is paying the loans back 4 years earlier than required under post bankruptcy agreements with the countries. Apparently Chrysler CEO Sergio Marchionne knows what he’s doing. Since taking the helm of Chrysler the company has made huge gains in sales. Sergio Marchionnes push to get new models out the door in 2011 are said to be a key factor. Even better…the reviews of the new 2011 vehicles have been very positive. New popular advertising campaigns i.e. Eminem Super Bowl (Imported From Detroit) Ad have also helped Chrysler regain it’s footing.