By David Thomas on July 13, 2009
Chrysler Financial — an independent financial services firm — announced today that it has repaid $1.5 billion in government loans it received in January as part of the TARP bank bailout. Chrysler Financial says it was able to repay the loans because the funds were never mixed into the company’s operating cash or balance sheet.
The company’s main customers are still Chrysler, Dodge and Jeep buyers and dealers looking for financing.
Managing Editor David Thomas has a thing for wagons and owns a 2010 Subaru Outback and a 2005 Volkswagen Passat wagon. Email David