One of the darkest chapters in automotive history is about to end as Chrysler has announced plans to repay their government loans by the end of June.

One of the darkest chapters in automotive history is about to end as Chrysler has announced plans to repay their government loans by the end of June.

While the plan is subject to market conditions, Chrysler intends to pay off their debt with proceeds from "a new term loan facility and newly issued debt securities" which will be offered to institutional investors. Despite sounding overly technical, the company is essentially refinancing their debt through the private sector for a lower interest rate and less government oversight.

The move is widely seen as a precursor to an IPO which could happen later this year.

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