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Chrysler Will Pay Back Loans By End Of June

Chrysler said it will pay its $7.4 billion loans to the U.S. and Canada by the end of June, assuming conditions are conducive. Chrysler says it will use some of the $1.27 billion that it will receive from Fiat to buy an additional 16% stake in Chrysler to pay the loans in full as well as any related fees and expenses. The company also says it plans an IPO this year or next.

Read the whole story at The Detroit News »

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