Chrysler Repays Bailout Money 6 Years Ahead of Schedule

President Obama's decision to bail out GM and Chrysler was considered very controversial at the time. But the automakers are now posting profits for the first time in a decade as sales of new models continue to rise and consumers maintain a level of loyalty to US automakers.

Chrysler made news by repaying the loans so far ahead of schedule. The automaker raised capital through a consortium of banks as well as a $1.3 billion investment from Fiat. In exchange, Fiat increased its stake in Chrysler from 30% to 46%. The US Treasury still holds a 6.6% stake in the company, but CEO Sergio Marchionne has plans to completely buy them out. No timeline was given.

President Obama will visit Chrysler for the second time in two weeks to make the case that the US Government's bailout of GM and Chrysler has fundamentally changed the companies.