Auto Industry Bailout, Treasury Department | featured news

Treasury to sell remaining Chrysler stake to Fiat

The Treasury Department said on Thursday it reached an agreement to sell its remaining 6 percent equity stake in Chrysler to Italy's Fiat in a deal that will net Washington $560 million.

 

Creditors’ Deal Could Stave Off Bankruptcy at Chrysler

Creditors’ Deal Could Stave Off Bankruptcy at Chrysler

Chrysler’s unsecured creditors have reached a preliminary deal with the Treasury Department, two people briefed on the matter said on Tuesday.

 

Treasury launches $5 billion auto supplier aid plan

Treasury launches $5 billion auto supplier aid plan

The U.S. Treasury Department on Thursday pledged to provide up to $5 billion in financing support to auto suppliers to help them survive a massive downturn in car sales.

 

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