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Chrysler

Auburn Hills, Mich. | See all recipients in Michigan

This investment resulted in a loss to taxpayers. See below for details.

$10.7B Disbursed
$7.26B Returned
$2.18B Revenue to Gov't
$1.32B Net Outstanding
$12.8B Committed
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Chrysler's first loans came in mid-December of 2008, when Treasury Secretary Hank Paulson stepped in to rescue GM and Chrysler.

On April 30, 2009, Chrysler filed for Chapter 11 bankruptcy protection. As part of the restructuring of the company, the Treasury Department agreed to lend Chrysler up to $8 billion more and take an eight percent stake in the company. Chrysler finalized its alliance with Fiat and emerged from bankruptcy protection on June 10, 2009.

Treasury will not recover its remaining outstanding investment in Chrysler.

You can see the full tally of the auto industry bailout here.

Events

Date Type Amount Program Description
04/30/2012 Proceeds $9,302,185 AIFP Proceeds from sale of collateral
07/21/2011 Proceeds $560,000,000 AIFP Disposition
05/24/2011 Proceeds $100,000,000 AIFP Repayment - Zero Coupon Note
05/24/2011 Proceeds $288,000,000 AIFP Repayment - Additional Note
05/24/2011 Refund $5,076,460,000 AIFP Partial Repayment
05/24/2011 Dividend $401,022,059 AIFP Investment Income
05/24/2011 Interest $76,532,249 AIFP Interest
03/31/2011 Interest $127,132,574 AIFP Interest
12/31/2010 Interest $129,527,207 AIFP Interest
12/29/2010 Proceeds $7,844,409 AIFP Proceeds from sale of collateral
09/30/2010 Interest $129,096,673 AIFP Interest
09/09/2010 Proceeds $9,666,784 AIFP Proceeds from sale of collateral
06/30/2010 Interest $127,267,594 AIFP Dividends payment
05/14/2010 Refund $1,900,000,000 AIFP Partial Repayment
05/10/2010 Proceeds $30,554,523 AIFP Proceeds from sale of collateral
03/30/2010 Interest $125,447,874 AIFP Interest
07/15/2009 Interest $55,237,713 AIFP Total Interest Paid Thru 7-09
07/10/2009 Refund $280,130,642 AIFP Principal repayment
05/27/2009 Loan $6,642,000,000 AIFP Debt Obligation w/ Additional Note, Equity Interest
05/01/2009 Loan $1,888,153,580 AIFP Debt Obligation w/ Additional Note
04/29/2009 Loan $280,130,642 AIFP Debt Obligation w/ Additional Note
01/02/2009 Purchase $4,000,000,000 AIFP Debt Obligation w/ Additional Note Debt Obligation w/ Additional Note

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