Friday, May 31, 2013

Chrysler Beats Tesla to Repaying Back Loans

There's a bit of a feud happening between Tesla and Chrysler. It's not about the future of electric cars, but rather who paid off their loan first.

When Tesla repaid their DoE loan, they made sure to let the public know that they were the only American car company to have repaid the government. Chrysler wasn't too happy to hear this.


The reason why is because on May 24th, 2011 Chrysler Group LLC repaid in full an with interest their loan. Not only that, but the repayment was six years ahead of the due date.

It's just Chrysler trying to remind people that its been very responsible in paying back what it was owed.  Thanks to having the American people help during a time of crisis, the company was able to surge back with good fortune.

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