Auto Bailout

The Taxpayer's Gift to Chrysler

Mark Milke | Posted 08.06.2013 | Canada Business
Mark Milke

Back in June 2009, the federal and Ontario governments decided to use massive amounts of taxpayer cash to rescue General Motors and Chrysler, two corporations deemed too big to fail. The cost to Canadians was US$13.7 billion: $10.8 billion to GM and $2.9 billion to Chrysler.

Bailout Repayment Pushes Chrysler Into The Red

CP | Tom Krisher, The Associated Press | Posted 09.24.2011 | Canada Business

DETROIT - Chrysler retreated to a loss for the second quarter, but only because the expense of shedding its government debt erased what would have been a modest profit.

The company, just two years out of bankruptcy protection, maintained that there are healthy signs despite the loss. Its turnaround continues with a revamped lineup of cars and trucks that is drawing more customers to showrooms.