The payment, dated 20 May, was made public last night in the latest transactions report on the use of the 700bn Troubled Asset Relief Programme (TARP), a financial stability plan voted by Congress in October, according to Agence France-Presse (AFP).
The government has now provided $8.58bn to Chrysler Holding, before and after the 30 April bankruptcy filing.
The Treasury also loaned $1.5bn in January to Chrysler Financial Services.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Continental has secured the Window Displays Innovation Awardin the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.
