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Empresas y finanzas

Chrysler repays bailout money to Treasury department


    WASHINGTON (Reuters) - The Treasury department said on Tuesday that automaker Chrysler Group LLC has repaid $5.1 billion in bailout loans and ended its ability to draw a remaining $2.1 billion.

    The government committed a total $12.5 billion to Chrysler under the Troubled Asset Relief Program, or TARP, and the company has now returned more than $10.6 billion of that in principal, interest and canceled commitments.

    "Treasury is unlikely to fully recover its remaining outstanding investment of $1.9 billion in Chrysler," the department said in a news release.

    (Reporting by Glenn Somerville, Editing by Chizu Nomiyama)