Turin-based Fiat took over Chrysler in July after it repaid the US and Canadian governments 7.6 billion dollars in loans from the bailout that saved the Auburn Hills, Michigan company from all but certain bankruptcy.
"Repaying our governments` loans six years early and refinancing our debt reinforces our conviction that we are on the right path to rebuilding this company and restoring it to its rightful place on the global automotive landscape within the framework of Chrysler`s global alliance with Fiat," Marchionne, 59, said in a statement on Tuesday.
Marchionne revamped Fiat in an effort to recapture marketshare lost to European rivals.
It is also reintroducing Fiat models to the US market where it has been absent for years.
(T.A045/H-AK)
Editor: Priyambodo RH
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