Chrysler Financial Services Americas LLC
Date:
January 16, 2009
Maximum Amount:
$1.50 billion
Deficit Impact:
-$0.02 billion The financial services arm of Chrysler car company received $1.5 billion in financial assistance from the US Treasury to avoid the possibility of failure and any negative market impact that business collapse could carry with it.
In early November 2009, Chrysler Financial Services repaid the full amount of the loan, plus an extra $15 million in proceeds.
Source:
Notes:
Amount spent indicates loans and other funds issued as of 7/9/2010 (http://www.ustreas.gov/initiatives/eesa/transactions.shtml). Maximum amount is original loan amount. Deficit impact calculated by CRFB, using CBO's practice of estimating costs on a risk-adjusted present value basis. Deficit impact is derived from CBO's overall subsidy rate for assistance to the automobile industry (73%), as listed in CBO's report on TARP transactions through June 17, 2009.