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U.S. Loses $1.3 Bil. on Chrysler Investment

The U.S government has sold its shares in Chrysler LLC at a likely loss of $1.3 billion in taxpayer money, the Treasury Department said Thursday, announcing the end of a controversial investment that resurrected the troubled auto company.

The good news; Chrysler has survived as a viable US auto manufacturing company, including the Belvidere facility.

The bad news; another US company going into the hands of a foreign company.

Well, at least it’s a European company!

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1 Comment

  1. Steve Noll

    That’s twice the US taxpayer bailed out Chrsler.