Chrysler Paid Back $7.6 billion to Governments

Two years after lurking near bankruptcy and getting $10.5 billion bailout from US and Canadian governments, Chrysler on May 24, 2011 took a big leap towards fiscal health as it paid back $5.9 billion to the U.S. Treasuries and $1.7 billion to the governments of Canada and Ontario. This came on the top of the first quarterly net profit (this year's first quarter)in five years and CEO Sergio Marchionne's push to revamp the vehicle line to generate enthusiasm among consumers. Also, on May 24, Fiat infused an additional capital of $1.3 billion to raise its stake to 46%.