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U.S. seals deal to sell Chrysler stake

WASHINGTON — The US Treasury has said it reached an agreement to sell the government’s stake in Chrysler Group for an estimated $560 million to Italian automaker Fiat. With the deal, the Treasury “will have fully exited” its investment in Chrysler under the Troubled Asset Relief Program (TARP). “As Treasury…

Chrysler details plan to pay off government loans

CHICAGO — Chrysler on Thursday detailed a $7.5 billion refinancing plan that will allow it to pay off government loans and expand Fiat’s stake in the US automaker. Chrysler said the $3.2 billion bond issuance, $4.3 billion in loans and the Fiat equity investment will close on Tuesday. Chrysler and…